Great Valley Advisor Group Inc. Lowers Holdings in VictoryShares Dividend Accelerator ETF $VSDA

Great Valley Advisor Group Inc. trimmed its holdings in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) by 24.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 867,794 shares of the company’s stock after selling 277,046 shares during the period. VictoryShares Dividend Accelerator ETF accounts for 0.9% of Great Valley Advisor Group Inc.’s holdings, making the stock its 24th biggest holding. Great Valley Advisor Group Inc. owned approximately 0.21% of VictoryShares Dividend Accelerator ETF worth $45,802,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new stake in VictoryShares Dividend Accelerator ETF in the fourth quarter valued at $72,000. Empowered Funds LLC purchased a new stake in VictoryShares Dividend Accelerator ETF in the fourth quarter valued at $97,000. Advisory Services Network LLC purchased a new stake in VictoryShares Dividend Accelerator ETF in the third quarter valued at $117,000. Invariant Investment Management purchased a new stake in VictoryShares Dividend Accelerator ETF in the fourth quarter valued at $280,000. Finally, Flow Traders U.S. LLC purchased a new stake in VictoryShares Dividend Accelerator ETF in the third quarter valued at $308,000.

VictoryShares Dividend Accelerator ETF Stock Performance

NASDAQ:VSDA opened at $56.60 on Friday. VictoryShares Dividend Accelerator ETF has a one year low of $50.40 and a one year high of $59.18. The firm has a market cap of $237.72 million, a price-to-earnings ratio of 18.24 and a beta of 0.79. The firm’s fifty day moving average is $55.30 and its two-hundred day moving average is $55.17.

VictoryShares Dividend Accelerator ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.1235 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, June 9th. This is an increase from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.07.

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.