Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Shares Up 0.3% – Here’s What Happened

Shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) were up 0.3% on Friday . The stock traded as high as $24.93 and last traded at $24.92. Approximately 1,185 shares traded hands during trading, a decline of 86% from the average daily volume of 8,635 shares. The stock had previously closed at $24.85.

Cabana Target Drawdown 7 ETF Stock Performance

The stock has a market cap of $49.84 million, a P/E ratio of 20.85 and a beta of 0.34. The stock’s fifty day simple moving average is $24.71 and its 200-day simple moving average is $24.38.

Cabana Target Drawdown 7 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were issued a $0.1738 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.70 dividend on an annualized basis and a yield of 2.8%. This is an increase from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13.

About Cabana Target Drawdown 7 ETF

The Cabana Target Drawdown 7 ETF (TDSB) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds which aims to provide long-term growth that adjusts an asset allocation to pursue a targeted risk parameter of 7% from peak to trough. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.