VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Plans Dividend Increase – $0.31 Per Share

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) declared a monthly dividend on Wednesday, December 10th. Stockholders of record on Thursday, December 11th will be paid a dividend of 0.3062 per share on Friday, December 12th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date is Thursday, December 11th. This is a 558.7% increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.05.

VictoryShares Dividend Accelerator ETF Stock Up 1.3%

VSDA traded up $0.70 during trading on Thursday, hitting $53.28. The company’s stock had a trading volume of 10,869 shares, compared to its average volume of 15,691. The stock has a market capitalization of $237.10 million, a price-to-earnings ratio of 18.24 and a beta of 0.87. The firm’s 50 day moving average price is $52.63 and its two-hundred day moving average price is $52.67. VictoryShares Dividend Accelerator ETF has a 12 month low of $45.51 and a 12 month high of $55.11.

Institutional Trading of VictoryShares Dividend Accelerator ETF

A number of hedge funds and other institutional investors have recently modified their holdings of VSDA. Goldman Sachs Group Inc. lifted its holdings in 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 worth $2,149,000 after buying an additional 7,718 shares in the last quarter. Investors Research Corp lifted its stake in shares of VictoryShares Dividend Accelerator ETF by 8.9% during the second quarter. Investors Research Corp now owns 271,473 shares of the company’s stock valued at $14,062,000 after acquiring an additional 22,085 shares during the period. Landmark Wealth Management LLC boosted its holdings in VictoryShares Dividend Accelerator ETF by 11.0% in the second quarter. Landmark Wealth Management LLC now owns 7,035 shares of the company’s stock valued at $364,000 after acquiring an additional 697 shares during the last quarter. Strategic Blueprint LLC increased its position in VictoryShares Dividend Accelerator ETF by 1.7% in the second 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. Finally, DDD Partners LLC increased its position in VictoryShares Dividend Accelerator ETF by 2.7% in the second 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.

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.