VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Reaches New 12-Month High – Should You Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $66.39 and last traded at $66.39, with a volume of 5380 shares traded. The stock had previously closed at $65.78.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

The company has a fifty day moving average of $64.93 and a two-hundred day moving average of $61.98. The stock has a market capitalization of $853.36 million, a P/E ratio of -1,338.41 and a beta of 0.68.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, November 7th were issued a $0.121 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, November 7th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is presently -4,199.41%.

Hedge Funds Weigh In On VictoryShares US EQ Income Enhanced Volatility Wtd ETF

An institutional investor recently raised its position in VictoryShares US EQ Income Enhanced Volatility Wtd ETF stock. Cambridge Investment Research Advisors Inc. increased its holdings in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,885 shares of the company’s stock after buying an additional 3,138 shares during the quarter. Cambridge Investment Research Advisors Inc. owned about 1.31% of VictoryShares US EQ Income Enhanced Volatility Wtd ETF worth $10,534,000 at the end of the most recent reporting period.

About VictoryShares US EQ Income Enhanced Volatility Wtd ETF

The VictoryShares US EQ Income Enhanced Volatility Wtd ETF (CDC) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of 100 high-yield stocks pulled from the largest 500 US stocks, with an earnings screen and volatility weighting. CDC was launched on Jul 2, 2014 and is managed by VictoryShares.