VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) shares saw an uptick in trading volume on Friday . 73,144 shares were traded during mid-day trading, an increase of 140% from the previous session’s volume of 30,436 shares.The stock last traded at $63.48 and had previously closed at $63.22.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Performance

The stock’s fifty day moving average is $62.55 and its two-hundred day moving average is $63.85. The firm has a market cap of $733.24 million, a price-to-earnings ratio of -1,275.02 and a beta of 0.61.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, May 8th were given a $0.0847 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.02 dividend on an annualized basis and a yield of 1.59%. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is presently -4,159.42%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Blueprint LLC bought a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the 1st quarter valued at about $3,553,000. GPS Wealth Strategies Group LLC grew its position in 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 valued at $791,000 after buying an additional 606 shares in the last quarter. NBC Securities Inc. bought a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the 1st quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the 4th quarter valued at about $399,000. Finally, Integrated Wealth Concepts LLC grew its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 2.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 122,692 shares of the company’s stock valued at $7,678,000 after buying an additional 2,519 shares in the last quarter.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Company Profile

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.