VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Strong Trading Volume – Time to Buy?

Shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) saw unusually-strong trading volume on Tuesday . Approximately 19,373 shares changed hands during mid-day trading, a decline of 35% from the previous session’s volume of 30,034 shares.The stock last traded at $63.11 and had previously closed at $63.23.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

The company’s 50 day moving average price is $62.26 and its 200 day moving average price is $63.41. The company has a market cap of $737.46 million, a price-to-earnings ratio of -1,260.44 and a beta of 0.68.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, June 9th were issued a $0.2517 dividend. This represents a $3.02 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Monday, June 9th. This is an increase from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous monthly dividend of $0.08. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio (DPR) is -4,219.41%.

Institutional Trading of VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. acquired a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the first quarter valued at about $26,000. GPS Wealth Strategies Group LLC grew its holdings in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.3% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 12,035 shares of the company’s stock worth $791,000 after purchasing an additional 606 shares during the last quarter. Noble Wealth Management PBC bought a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter valued at approximately $64,000. JPMorgan Chase & Co. acquired a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter worth $92,000. Finally, Integrated Wealth Concepts LLC grew its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 2.1% during the 4th quarter. Integrated Wealth Concepts LLC now owns 122,692 shares of the company’s stock worth $7,678,000 after acquiring an additional 2,519 shares during the last quarter.

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.