VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Announces Dividend Increase – $0.18 Per Share

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) announced a monthly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.1846 per share on Thursday, September 10th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, September 9th. This is a 406.9% increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.04.

VictoryShares Dividend Accelerator ETF Price Performance

Shares of VSDA opened at $58.80 on Wednesday. The business’s 50-day moving average is $59.49 and its 200-day moving average is $57.09. The company has a market capitalization of $244.03 million, a price-to-earnings ratio of 18.24 and a beta of 0.77. VictoryShares Dividend Accelerator ETF has a fifty-two week low of $51.14 and a fifty-two week high of $61.22.

Institutional Trading of VictoryShares Dividend Accelerator ETF

Several institutional investors and hedge funds have recently bought and sold shares of VSDA. Cetera Investment Advisers lifted its stake in shares of VictoryShares Dividend Accelerator ETF by 260.6% in the 4th quarter. Cetera Investment Advisers now owns 61,370 shares of the company’s stock valued at $3,239,000 after purchasing an additional 44,350 shares during the period. Pinnacle Financial Partners Inc. increased its holdings in shares of 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 valued at $28,287,000 after purchasing an additional 31,161 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of VictoryShares Dividend Accelerator ETF by 144.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock valued at $2,265,000 after purchasing an additional 25,341 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of VictoryShares Dividend Accelerator ETF by 22.8% in the first quarter. Goldman Sachs Group Inc. now owns 41,588 shares of the company’s stock valued at $2,149,000 after purchasing an additional 7,718 shares during the period. Finally, NewEdge Advisors LLC purchased a new stake in VictoryShares Dividend Accelerator ETF during the second quarter worth about $428,000.

VictoryShares Dividend Accelerator ETF Company Profile

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.