Major owner of ECA Marcellus Trust I just sold 210,283 shares


Corp Of Energy, a major owner of ECA Marcellus Trust I, recently sold 210,283 shares of the company. The sales took place at prices ranging from $9.72 to $10.03 per share, on dates ranging from November 07 to November 08, 2013. Energy still owns 2,376,889 shares of the company. Energy operates out of Denver, CO. Some additional info was provided as follows:

On November 7, 2013, Energy Corporation of America ("ECA") made multiple sales in to the market of common units of ECA Marcellus Trust I ("ECT Common Units") owned by ECA at the prevailing market price. On November 8, 2013, ECA made multiple sales in to the market of ECT Common Units owned by ECA at the prevailing market price. On November 8, 2013, ECA paid dividends to ECA shareholders of record as of September 3 0, 2013, with a portion of such being paid in cash and the remaining amount being paid in the form of ECT Common Units owned by ECA. The price per ECT Common Unit was determined using the 10-day volume weighted average price for the period ended November 1, 2013.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. ECA Marcellus Trust I next reports earnings on November 15, 2013.

To receive a free e-mail notification whenever ECA Marcellus Trust I makes a similar move, sign up!

   Auto Refresh

Feedback