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

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA)’s stock price were down 0.3% during mid-day trading on Monday . The company traded as low as $58.09 and last traded at $58.29. Approximately 13,061 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 14,129 shares. The stock had previously closed at $58.49.

VictoryShares Dividend Accelerator ETF Price Performance

The stock’s fifty day simple moving average is $54.40 and its 200-day simple moving average is $53.57. The company has a market capitalization of $241.90 million, a P/E ratio of 18.24 and a beta of 0.87.

VictoryShares Dividend Accelerator ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 10th. Investors of record on Monday, February 9th will be given a dividend of $0.0553 per share. The ex-dividend date of this dividend is Monday, February 9th. This represents a c) annualized dividend and a dividend yield of 1.1%. This is a boost from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.04.

Institutional Trading of VictoryShares Dividend Accelerator ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VSDA. Farther Finance Advisors LLC acquired a new position in shares of VictoryShares Dividend Accelerator ETF during the fourth quarter worth approximately $72,000. Advisory Services Network LLC acquired a new stake in shares of VictoryShares Dividend Accelerator ETF in the third quarter worth $117,000. Invariant Investment Management bought a new position in VictoryShares Dividend Accelerator ETF during the fourth quarter worth $280,000. Flow Traders U.S. LLC acquired a new position in VictoryShares Dividend Accelerator ETF during the 3rd quarter valued at $308,000. Finally, Landmark Wealth Management LLC boosted its holdings in VictoryShares Dividend Accelerator ETF by 11.0% in the 2nd quarter. Landmark Wealth Management LLC now owns 7,035 shares of the company’s stock valued at $364,000 after purchasing an additional 697 shares during the period.

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.