ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRL) Raises Dividend to $0.56 Per Share

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) announced a dividend on Tuesday, July 9th, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.5588 per share on Tuesday, July 23rd. The ex-dividend date is Monday, July 15th. This is an increase from ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN’s previous dividend of $0.05.

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN Price Performance

Shares of NYSEARCA MVRL traded up $0.15 during midday trading on Tuesday, reaching $17.32. The company’s stock had a trading volume of 1,779 shares, compared to its average volume of 9,146. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a fifty-two week low of $13.68 and a fifty-two week high of $21.85. The stock has a 50 day simple moving average of $16.99 and a 200-day simple moving average of $17.45.

About ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

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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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