Northwestern Mutual Wealth Management Co. Has $2.27 Million Stock Holdings in VictoryShares Dividend Accelerator ETF $VSDA

Northwestern Mutual Wealth Management Co. grew its stake in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) by 144.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,906 shares of the company’s stock after buying an additional 25,341 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in VictoryShares Dividend Accelerator ETF were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in VSDA. Goldman Sachs Group Inc. increased its stake in shares of VictoryShares Dividend Accelerator ETF by 22.8% in the first quarter. Goldman Sachs Group Inc. now owns 41,588 shares of the company’s stock valued at $2,149,000 after buying an additional 7,718 shares during the period. Osaic Holdings Inc. increased its stake in shares of VictoryShares Dividend Accelerator ETF by 2.9% in the second quarter. Osaic Holdings Inc. now owns 14,973 shares of the company’s stock valued at $776,000 after buying an additional 415 shares during the period. Pinnacle Financial Partners Inc. increased its stake in shares of VictoryShares Dividend Accelerator ETF by 6.3% in the third quarter. Pinnacle Financial Partners Inc. now owns 529,031 shares of the company’s stock valued at $28,287,000 after buying an additional 31,161 shares during the period. DDD Partners LLC increased its stake in shares of VictoryShares Dividend Accelerator ETF by 4.3% in the third quarter. DDD Partners LLC now owns 105,068 shares of the company’s stock valued at $5,618,000 after buying an additional 4,324 shares during the period. Finally, Citadel Advisors LLC boosted its position in shares of VictoryShares Dividend Accelerator ETF by 3.7% during the 3rd quarter. Citadel Advisors LLC now owns 40,729 shares of the company’s stock valued at $2,178,000 after purchasing an additional 1,449 shares in the last quarter.

VictoryShares Dividend Accelerator ETF Price Performance

Shares of VictoryShares Dividend Accelerator ETF stock opened at $55.34 on Wednesday. VictoryShares Dividend Accelerator ETF has a one year low of $50.36 and a one year high of $59.18. The stock’s 50-day moving average is $54.99 and its 200 day moving average is $54.87. The firm has a market cap of $232.43 million, a price-to-earnings ratio of 18.24 and a beta of 0.81.

VictoryShares Dividend Accelerator ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a dividend of $0.0702 per share. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 1.5%.

VictoryShares Dividend Accelerator ETF Profile

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.