VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sets New 52-Week High – Still a Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) reached a new 52-week high on Tuesday . The stock traded as high as $69.27 and last traded at $69.04, with a volume of 15566 shares. The stock had previously closed at $68.79.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Trading Up 0.4%

The company has a market cap of $721.47 million, a P/E ratio of -1,380.61 and a beta of 0.61. The company has a 50 day moving average price of $66.71 and a 200-day moving average price of $66.06.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were given a $0.0279 dividend. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, January 8th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is currently -4,459.38%.

Institutional Investors Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

Hedge funds have recently made changes to their positions in the stock. Strategic Blueprint LLC increased its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 1.0% during the 2nd quarter. Strategic Blueprint LLC now owns 54,597 shares of the company’s stock worth $3,478,000 after purchasing an additional 531 shares in the last quarter. TIAA Trust National Association acquired a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the second quarter worth $227,000. Russell Investments Group Ltd. bought a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the 2nd quarter valued at $703,000. Finally, NewEdge Advisors LLC lifted its stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 116.2% in the 3rd quarter. NewEdge Advisors LLC now owns 90,575 shares of the company’s stock valued at $6,045,000 after acquiring an additional 48,686 shares during 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.