Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Trading 0.4% Higher – Here’s What Happened

Shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) rose 0.4% during trading on Thursday . The stock traded as high as $25.07 and last traded at $25.05. Approximately 11,936 shares traded hands during trading, an increase of 69% from the average daily volume of 7,051 shares. The stock had previously closed at $24.94.

Cabana Target Drawdown 7 ETF Price Performance

The stock has a market capitalization of $50 million, a P/E ratio of 20.85 and a beta of 0.34. The company has a fifty day moving average of $24.72 and a two-hundred day moving average of $24.74.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were given a $0.126 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%.

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new position in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC acquired a new position in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned 0.30% of Cabana Target Drawdown 7 ETF at the end of the most recent reporting period.

Cabana Target Drawdown 7 ETF Company Profile

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.