Wells Fargo & Company MN Sells 27,283 Shares of ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB)

Wells Fargo & Company MN reduced its stake in shares of ETRACS Alerian MLP Index ETN Series B (NYSEARCA:AMUB) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,610 shares of the company’s stock after selling 27,283 shares during the period. Wells Fargo & Company MN owned 7.62% of ETRACS Alerian MLP Index ETN Series B worth $11,637,000 at the end of the most recent quarter.

Separately, Virtu Financial LLC acquired a new position in shares of ETRACS Alerian MLP Index ETN Series B during the 3rd quarter worth about $230,000.

ETRACS Alerian MLP Index ETN Series B Stock Performance

Shares of NYSEARCA:AMUB opened at $18.67 on Wednesday. The business has a 50 day moving average price of $19.89 and a 200 day moving average price of $19.22. ETRACS Alerian MLP Index ETN Series B has a twelve month low of $16.86 and a twelve month high of $20.88.

ETRACS Alerian MLP Index ETN Series B Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, March 4th were paid a $0.2996 dividend. This is an increase from ETRACS Alerian MLP Index ETN Series B’s previous dividend of $0.28. The ex-dividend date was Monday, March 3rd.

ETRACS Alerian MLP Index ETN Series B Profile

The ETRACS Alerian MLP Index ETN Class B (AMUB) is an exchange-traded fund that is based on the Alerian MLP index, a market-cap-weighted index of 50 publicly traded energy MLPs. AMUB was launched on Oct 8, 2015 and is issued by ETRACS.