VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Share Price Pass Below 50-Day Moving Average – Should You Sell?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $65.95 and traded as low as $65.81. VictoryShares US EQ Income Enhanced Volatility Wtd ETF shares last traded at $65.89, with a volume of 15,274 shares traded.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

The company’s 50-day moving average price is $65.95 and its 200 day moving average price is $65.41. The stock has a market cap of $728.08 million, a PE ratio of -1,317.62 and a beta of 0.61.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were paid a dividend of $0.4499 per share. The ex-dividend date was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 8.2%. This is a boost from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous monthly dividend of $0.11. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is -4,419.38%.

Hedge Funds Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

A number of institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% during the third quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock valued at $6,045,000 after purchasing an additional 48,686 shares during the period. Strategic Blueprint LLC lifted its position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 5.1% during the 3rd quarter. Strategic Blueprint LLC now owns 57,365 shares of the company’s stock valued at $3,829,000 after buying an additional 2,768 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 122.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 24,553 shares of the company’s stock valued at $1,639,000 after acquiring an additional 13,513 shares during the period. Finally, TIAA Trust National Association bought a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 2nd quarter valued at approximately $227,000.

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.