ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock Pass Above Fifty Day Moving Average - Time to Sell?

Key Points

• The ETRACS Silver Shares Covered Call ETN's share price exceeded its 50-day moving average of $83.14, trading as high as $86.14.
• A recent dividend announcement increased the monthly payout from $1.29 to $1.5758, resulting in an annualized yield of 22.0%.
• Claris Financial LLC bought a new stake in the ETRACS Silver Shares Covered Call ETN, acquiring 19,530 shares valued at approximately $1,564,000.

ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - )'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $83.14 and traded as high as $86.14. ETRACS Silver Shares Covered Call ETN shares last traded at $86.00, with a volume of 18,815 shares changing hands.

ETRACS Silver Shares Covered Call ETN Price Performance

The company has a fifty day moving average price of $83.14 and a two-hundred day moving average price of $80.55.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Wednesday, August 20th were issued a $1.5758 dividend. This represents a c) annualized dividend and a dividend yield of 22.0%. The ex-dividend date of this dividend was Wednesday, August 20th. This is an increase from ETRACS Silver Shares Covered Call ETN's previous monthly dividend of $1.29.

Institutional Trading of ETRACS Silver Shares Covered Call ETN

A hedge fund recently bought a new stake in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC bought a new stake in ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,530 shares of the company's stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN comprises 1.2% of Claris Financial LLC's investment portfolio, making the stock its 19th largest position. Claris Financial LLC owned 0.85% of ETRACS Silver Shares Covered Call ETN at the end of the most recent quarter.

About ETRACS Silver Shares Covered Call ETN

a ecorodovias é um dos maiores grupos de infraestrutura e logística integrada do país, que opera ativos de logística intermodal, concessões rodoviárias e serviços correlatos, de forma sustentável e socialmente responsável. estamos presentes nos estados de são paulo, rio de janeiro, espírito santo, paraná e rio grande do sul, com cerca de 4.500 colaboradores.

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