VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sets New 52-Week High – Time to Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $68.77 and last traded at $68.71, with a volume of 1886 shares. The stock had previously closed at $68.17.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Up 0.7%

The firm has a market capitalization of $717.40 million, a price-to-earnings ratio of -1,372.83 and a beta of 0.61. The stock’s 50-day moving average price is $66.47 and its 200 day moving average price is $65.95.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were given 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 payout ratio is presently -4,459.38%.

Institutional Investors Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

A number of institutional investors have recently made changes to their positions in CDC. NewEdge Advisors LLC boosted its position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% during the third quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock worth $6,045,000 after buying an additional 48,686 shares during the period. Strategic Blueprint LLC grew its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.1% in the 3rd quarter. Strategic Blueprint LLC now owns 57,365 shares of the company’s stock valued at $3,829,000 after acquiring an additional 2,768 shares in the last quarter. Russell Investments Group Ltd. grew its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 122.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 24,553 shares of the company’s stock valued at $1,639,000 after acquiring an additional 13,513 shares in the last quarter. Finally, TIAA Trust National Association purchased a new stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the second quarter worth about $227,000.

About VictoryShares US EQ Income Enhanced Volatility Wtd ETF

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.