VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Shares Down 0.3% – Here’s What Happened

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) dropped 0.3% on Monday . The stock traded as low as $58.28 and last traded at $58.52. Approximately 6,789 shares traded hands during trading, a decline of 50% from the average daily volume of 13,457 shares. The stock had previously closed at $58.68.

VictoryShares Dividend Accelerator ETF Trading Down 0.6%

The company has a market cap of $238.00 million, a P/E ratio of 18.24 and a beta of 0.87. The company has a 50 day moving average price of $56.21 and a 200-day moving average price of $54.18.

VictoryShares Dividend Accelerator ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 9th were issued a $0.0553 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, February 9th.

Hedge Funds Weigh In On VictoryShares Dividend Accelerator ETF

Institutional investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. increased its holdings in shares of VictoryShares Dividend Accelerator ETF by 4.2% during the second quarter. Great Valley Advisor Group Inc. now owns 1,081,362 shares of the company’s stock worth $56,015,000 after buying an additional 43,747 shares in the last quarter. Pinnacle Financial Partners Inc. increased its holdings in VictoryShares Dividend Accelerator ETF by 6.3% in the 3rd quarter. Pinnacle Financial Partners Inc. now owns 529,031 shares of the company’s stock worth $28,287,000 after purchasing an additional 31,161 shares in the last quarter. Investors Research Corp raised its position in VictoryShares Dividend Accelerator ETF by 3.7% in the fourth quarter. Investors Research Corp now owns 294,790 shares of the company’s stock valued at $15,559,000 after purchasing an additional 10,433 shares during the last quarter. DDD Partners LLC boosted its stake in shares of VictoryShares Dividend Accelerator ETF by 4.2% during the fourth quarter. DDD Partners LLC now owns 109,442 shares of the company’s stock valued at $5,776,000 after purchasing an additional 4,374 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of VictoryShares Dividend Accelerator ETF by 260.6% during the fourth quarter. Cetera Investment Advisers now owns 61,370 shares of the company’s stock worth $3,239,000 after purchasing an additional 44,350 shares during the last quarter.

About VictoryShares Dividend Accelerator ETF

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.