VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) saw an uptick in trading volume on Friday. 54,703 shares changed hands during mid-day trading, an increase of 694% from the previous session’s volume of 6,891 shares. The stock last traded at $97.7320 and had previously closed at $97.52.

VictoryShares US 500 Volatility Wtd ETF Stock Up 0.4%

The company has a market capitalization of $518.71 million, a price-to-earnings ratio of 20.50 and a beta of 0.86. The business has a 50-day moving average price of $99.64 and a 200-day moving average price of $97.44.

VictoryShares US 500 Volatility Wtd ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 8th will be paid a $0.1015 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $1.22 dividend on an annualized basis and a yield of 1.2%. This is a negative change from VictoryShares US 500 Volatility Wtd ETF’s previous monthly dividend of $0.1606.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in shares of VictoryShares US 500 Volatility Wtd ETF by 1,928.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 120,500 shares of the company’s stock worth $10,967,000 after acquiring an additional 114,560 shares during the last quarter. Fifth Third Bancorp boosted its position in VictoryShares US 500 Volatility Wtd ETF by 135,328.5% during the first quarter. Fifth Third Bancorp now owns 232,937 shares of the company’s stock worth $21,309,000 after purchasing an additional 232,765 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in VictoryShares US 500 Volatility Wtd ETF by 95.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 9,460 shares of the company’s stock valued at $865,000 after buying an additional 4,630 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of VictoryShares US 500 Volatility Wtd ETF by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 20,633 shares of the company’s stock valued at $2,039,000 after purchasing an additional 460 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in VictoryShares US 500 Volatility Wtd ETF in the 2nd quarter worth approximately $429,000.

About VictoryShares US 500 Volatility Wtd ETF

The VictoryShares US 500 Volatility Wtd ETF (CFA) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the largest US stocks by market cap, screened for positive earnings and weighted by volatility. CFA was launched on Jul 2, 2014 and is managed by VictoryShares.