I am considering it. My adviser says you must have owned ETP at yesterdays close to get the distribution. If it drops like a rock today, I will have missed the boat. I am not sure if one has to hold until today's close. I am up 12% plus distribution, and hold within an IRA. Lot's of questions.
that is correct.
if you had ETP shares at yesterday's close then you will get the div on Feb 14 no matter what you do today.
I expect ETP to trade negative today by the same amount of the div, about 2.5%
With all that is happening with ETP, it's not likely they will be generating much "unrelated business income" so having a reasonable amount in an IRA should not be a big deal. If anything ETP will have losses not gains.