VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Reaches New 1-Year High – Still a Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $67.54 and last traded at $67.35, with a volume of 16048 shares trading hands. The stock had previously closed at $67.14.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

The business’s 50-day simple moving average is $66.17 and its two-hundred day simple moving average is $65.82. The stock has a market cap of $713.91 million, a price-to-earnings ratio of -1,346.81 and a beta of 0.61.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were issued a dividend of $0.0279 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 0.5%. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio (DPR) is -4,459.38%.

Hedge Funds Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% in the third quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock valued at $6,045,000 after buying an additional 48,686 shares during the period. Russell Investments Group Ltd. grew its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 122.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,553 shares of the company’s stock worth $1,639,000 after acquiring an additional 13,513 shares during the last quarter. Strategic Blueprint LLC grew its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.1% during the 3rd quarter. Strategic Blueprint LLC now owns 57,365 shares of the company’s stock worth $3,829,000 after acquiring an additional 2,768 shares during the last quarter. Finally, TIAA Trust National Association acquired a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the 2nd quarter valued at approximately $227,000.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Company Profile

The VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 100 high-yield stocks pulled from the largest 500 US stocks, with an earnings screen and volatility weighting. CDC was launched on Jul 2, 2014 and is managed by VictoryShares.