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

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (NYSEARCA:MVRLGet Free Report) declared a dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.5588 per share on Tuesday, July 23rd. The ex-dividend date is Monday, July 15th. This is a positive change 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 Stock Performance

NYSEARCA MVRL opened at $17.32 on Wednesday. The company’s 50-day moving average price is $17.01 and its 200-day moving average price is $17.43. ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN has a 12 month low of $13.68 and a 12 month high of $21.85.

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.

Further Reading

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

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