VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) shares saw strong trading volume on Friday . 73,144 shares changed hands during mid-day trading, an increase of 140% from the previous session’s volume of 30,436 shares.The stock last traded at $63.48 and had previously closed at $63.22.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

The stock has a market capitalization of $733.24 million, a price-to-earnings ratio of -1,275.02 and a beta of 0.61. The firm’s fifty day moving average is $62.55 and its 200-day moving average is $63.85.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 9th. Investors of record on Thursday, May 8th were issued a $0.0847 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $1.02 annualized dividend and a yield of 1.59%. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s dividend payout ratio is presently -4,159.42%.

Institutional Trading of VictoryShares US EQ Income Enhanced Volatility Wtd ETF

A number of institutional investors and hedge funds have recently modified their holdings of CDC. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth $451,000. Noble Wealth Management PBC acquired a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth $64,000. JPMorgan Chase & Co. acquired a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth $92,000. Keystone Financial Group acquired a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth $2,286,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 2.1% in the 4th quarter. Integrated Wealth Concepts LLC now owns 122,692 shares of the company’s stock worth $7,678,000 after acquiring an additional 2,519 shares during the period.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Company Profile

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.