ECA Marcellus Trust I (ECT) to pay $0.07 on Feb 28, 2018; Nuveen New York Amt-free Municipal Income Fund (NRK)’s Sentiment Is 0.96

February 15, 2018 - By Winifred Garcia

ECA Marcellus Trust I (NYSE:ECT) is expected to pay $0.07 on Feb 28, 2018. $0.27 is the ADY. (NYSE:ECT) shareholders before Feb 16, 2018 will receive the $0.07 dividend. ECA Marcellus Trust I’s current price of $2.05 translates into 3.27% yield. ECA Marcellus Trust I’s dividend has Feb 20, 2018 as record date. Feb 7, 2018 is the announcement. The stock decreased 4.65% or $0.1 during the last trading session, reaching $2.05. About 66,466 shares traded or 38.12% up from the average. ECA Marcellus Trust I (NYSE:ECT) has risen 13.64% since February 15, 2017 and is uptrending. It has underperformed by 3.06% the S&P500.

The stock decreased 0.34% or $0.04 during the last trading session, reaching $12.34. About 178,715 shares traded. Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) has declined 4.11% since February 15, 2017 and is downtrending. It has underperformed by 20.81% the S&P500.

Among 2 analysts covering Eca Marcellus Trust I (NYSE:ECT), 0 have Buy rating, 2 Sell and 0 Hold. Therefore 0 are positive. Eca Marcellus Trust I had 3 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was upgraded by Zacks on Friday, August 28 to “Sell”. The stock of ECA Marcellus Trust I (NYSE:ECT) has “Underperform” rating given on Tuesday, September 1 by Raymond James. Zacks downgraded the shares of ECT in report on Tuesday, September 8 to “Sell” rating.

Investors sentiment increased to 1.4 in Q3 2017. Its up 0.40, from 1 in 2017Q2. It increased, as 3 investors sold ECA Marcellus Trust I shares while 2 reduced holdings. 2 funds opened positions while 5 raised stakes. 498,622 shares or 10.59% more from 450,879 shares in 2017Q2 were reported. Bank & Trust Of America De holds 0% or 2,645 shares. Wells Fargo And Mn owns 1,602 shares or 0% of their US portfolio. Deutsche State Bank Ag invested in 0% or 67,413 shares. Moreover, Amg National Tru Financial Bank has 0% invested in ECA Marcellus Trust I (NYSE:ECT). James Invest Incorporated, a Ohio-based fund reported 35,245 shares. American Rech & Mngmt invested in 0% or 1,200 shares. Atlantic Tru Limited Liability Com has invested 0% of its portfolio in ECA Marcellus Trust I (NYSE:ECT). Renaissance Lc reported 67,413 shares or 0% of all its holdings. 15,673 are owned by Morgan Stanley. California Public Employees Retirement Sys invested 0% in ECA Marcellus Trust I (NYSE:ECT). Reilly Fincl Advisors Llc invested in 0% or 272 shares. Css Limited Il reported 0% of its portfolio in ECA Marcellus Trust I (NYSE:ECT). Royal National Bank Of Canada invested in 6,362 shares. Hightower Advisors invested in 63,250 shares. Fincl Bank owns 67,725 shares for 0.06% of their portfolio.

ECA Marcellus Trust I owns royalty interests in producing and development horizontal natural gas wells for Energy Corporation of America . The company has market cap of $36.09 million. The firm owns royalty interests in 14 producing horizontal natural gas wells producing from the Marcellus Shale formation located in Greene County, Pennsylvania; and 52 horizontal natural gas development wells drilled to the Marcellus Shale formation covering approximately 9,300 acres held by ECA in Greene County, Pennsylvania. It has a 6.17 P/E ratio. The Company’s royalty interests in the producing wells allow the firm to receive 90% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the producing wells; and 50% of the proceeds from the sale of production of natural gas attributable to ECA's interest in the development wells.

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