ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO) Stock Price Cross Above 50 Day Moving Average - Should You 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 - Get Free Report)'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.

ETRACS Silver Shares Covered Call ETN Trading Down 0.7%

The business's fifty day moving average is $83.57 and its two-hundred day moving average is $80.70.

ETRACS Silver Shares Covered Call ETN Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Wednesday, August 20th were issued a $1.5758 dividend. The ex-dividend date was Wednesday, August 20th. This represents a c) annualized dividend and a dividend yield of 21.7%. This is an increase from ETRACS Silver Shares Covered Call ETN's previous monthly dividend of $1.29.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETRACS Silver Shares Covered Call ETN stock. Claris Financial LLC acquired a new position in shares of ETRACS Silver Shares Covered Call ETN (NASDAQ:SLVO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 19,530 shares of the company's stock, valued at approximately $1,564,000. ETRACS Silver Shares Covered Call ETN makes up 1.2% of Claris Financial LLC's portfolio, making the stock its 19th biggest position. Claris Financial LLC owned about 0.85% of ETRACS Silver Shares Covered Call ETN as of its most recent SEC filing.

ETRACS Silver Shares Covered Call ETN Company Profile

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.