ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Raises Dividend to $0.39 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) announced a dividend on Friday, January 1st. Stockholders of record on Tuesday, July 14th will be given a dividend of 0.3883 per share on Wednesday, July 22nd. The ex-dividend date is Tuesday, July 14th. This is a 274.4% increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.10.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

NYSEARCA:MVRL traded up $0.14 on Friday, reaching $13.88. The stock had a trading volume of 810 shares, compared to its average volume of 5,295. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 1-year low of $12.66 and a 1-year high of $17.00. The stock has a fifty day moving average price of $13.61 and a 200-day moving average price of $14.39.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Company Profile

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The ETRACS Monthly Pay 1.5x Leveraged Mortgage REIT ETN (MVRL) is an exchange-traded fund that is based on the MVIS US Mortgage REITs index. The fund provides 1.5x leveraged exposure to a market-cap weighted index of mortgage REITs. Leverage is reset quarterly. MVRL was launched on Jun 2, 2020 and is issued by ETRACS.

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Dividend History for ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL)

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