VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sets New 12-Month High Following Dividend Announcement

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) shares reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The stock traded as high as $76.93 and last traded at $76.50, with a volume of 34278 shares. The stock had previously closed at $75.59.

The newly announced dividend which will be paid on Friday, July 10th. Shareholders of record on Thursday, July 9th will be given a dividend of $0.2023 per share. The ex-dividend date of this dividend is Thursday, July 9th. This is a positive change from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 3.2%. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is currently -4,639.35%.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

The business’s fifty day moving average price is $73.45 and its two-hundred day moving average price is $71.55. The firm has a market capitalization of $724.91 million, a P/E ratio of -1,502.19 and a beta of 0.50.

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

Several institutional investors and hedge funds have recently bought and sold shares of CDC. NewEdge Advisors LLC lifted its holdings in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% during the 3rd quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock valued at $6,045,000 after purchasing an additional 48,686 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 4th quarter valued at about $949,000. Russell Investments Group Ltd. raised its stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 122.4% in the third quarter. Russell Investments Group Ltd. now owns 24,553 shares of the company’s stock valued at $1,639,000 after buying an additional 13,513 shares during the last quarter. Western Wealth Management LLC purchased a new stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter valued at about $845,000. Finally, Strategic Blueprint LLC boosted its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 4.3% in the fourth quarter. Strategic Blueprint LLC now owns 59,806 shares of the company’s stock worth $3,941,000 after acquiring an additional 2,441 shares in the last quarter.

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.