VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) Increases Dividend to $0.12 Per Share

VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 9th will be given a dividend of 0.1235 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a 76.0% increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.07.

VictoryShares Dividend Accelerator ETF Trading Up 1.3%

VictoryShares Dividend Accelerator ETF stock traded up $0.70 during mid-day trading on Tuesday, reaching $56.20. The company’s stock had a trading volume of 5,359 shares, compared to its average volume of 10,563. The firm has a market cap of $236.04 million, a price-to-earnings ratio of 18.24 and a beta of 0.79. The business has a 50 day moving average price of $55.18 and a 200-day moving average price of $55.08. VictoryShares Dividend Accelerator ETF has a twelve month low of $50.40 and a twelve month high of $59.18.

Hedge Funds Weigh In On VictoryShares Dividend Accelerator ETF

A number of hedge funds have recently added to or reduced their stakes in VSDA. Goldman Sachs Group Inc. boosted its holdings in 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 worth $2,149,000 after purchasing an additional 7,718 shares during the period. Osaic Holdings Inc. boosted its holdings in shares of VictoryShares Dividend Accelerator ETF by 2.9% during the second quarter. Osaic Holdings Inc. now owns 14,973 shares of the company’s stock valued at $776,000 after acquiring an additional 415 shares during the period. Pinnacle Financial Partners Inc. boosted its holdings in shares of VictoryShares Dividend Accelerator ETF by 6.3% during the third quarter. Pinnacle Financial Partners Inc. now owns 529,031 shares of the company’s stock valued at $28,287,000 after acquiring an additional 31,161 shares during the period. DDD Partners LLC boosted its holdings in shares of VictoryShares Dividend Accelerator ETF by 4.3% during the third quarter. DDD Partners LLC now owns 105,068 shares of the company’s stock valued at $5,618,000 after acquiring an additional 4,324 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in shares of VictoryShares Dividend Accelerator ETF by 3.7% during the third quarter. Citadel Advisors LLC now owns 40,729 shares of the company’s stock valued at $2,178,000 after acquiring an additional 1,449 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.