Pinnacle Financial Partners Inc Acquires 31,161 Shares of VictoryShares Dividend Accelerator ETF $VSDA

Pinnacle Financial Partners Inc raised its holdings in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 529,031 shares of the company’s stock after buying an additional 31,161 shares during the quarter. Pinnacle Financial Partners Inc owned about 0.12% of VictoryShares Dividend Accelerator ETF worth $28,287,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in VSDA. Osaic Holdings Inc. lifted its stake in VictoryShares Dividend Accelerator ETF by 2.9% in the second quarter. Osaic Holdings Inc. now owns 14,973 shares of the company’s stock worth $776,000 after acquiring an additional 415 shares during the period. Landmark Wealth Management LLC raised 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 worth $364,000 after purchasing an additional 697 shares in the last quarter. Strategic Blueprint LLC lifted its position in shares of VictoryShares Dividend Accelerator ETF by 1.7% in the 2nd quarter. Strategic Blueprint LLC now owns 49,200 shares of the company’s stock worth $2,549,000 after purchasing an additional 809 shares during the period. DDD Partners LLC lifted its position in shares of VictoryShares Dividend Accelerator ETF by 2.7% in the 2nd quarter. DDD Partners LLC now owns 100,744 shares of the company’s stock worth $5,219,000 after purchasing an additional 2,673 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of VictoryShares Dividend Accelerator ETF by 22.8% during the 1st 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 in the last quarter.

VictoryShares Dividend Accelerator ETF Price Performance

VSDA stock opened at $55.60 on Friday. VictoryShares Dividend Accelerator ETF has a 1 year low of $45.51 and a 1 year high of $55.74. The firm has a 50-day moving average of $53.13 and a 200 day moving average of $53.18. The company has a market cap of $230.74 million, a P/E ratio of 18.24 and a beta of 0.87.

VictoryShares Dividend Accelerator ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0414 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, January 8th.

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.