ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (CEFL) Position Boosted by Claybrook Capital LLC

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Claybrook Capital LLC lifted its holdings in shares of ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL) by 6.9% in the third quarter, HoldingsChannel reports. The fund owned 194,216 shares of the exchange traded fund’s stock after purchasing an additional 12,500 shares during the period. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN comprises approximately 1.8% of Claybrook Capital LLC’s portfolio, making the stock its 13th largest holding. Claybrook Capital LLC’s holdings in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN were worth $3,047,000 as of its most recent SEC filing.

Separately, Frontier Investment Mgmt Co. bought a new position in ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN in the second quarter worth $355,000.

CEFL opened at $11.93 on Wednesday. ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN has a 12-month low of $11.93 and a 12-month high of $18.25.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 24th. Shareholders of record on Friday, December 14th will be issued a $0.2185 dividend. This is an increase from ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN’s previous monthly dividend of $0.18. The ex-dividend date is Thursday, December 13th. This represents a $2.62 dividend on an annualized basis and a yield of 21.98%.

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Want to see what other hedge funds are holding CEFL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSEARCA:CEFL).

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