Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Stock Price Down 1.1% – Here’s Why

Shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSCGet Free Report) fell 1.1% on Thursday . The stock traded as low as $25.15 and last traded at $25.16. 22,801 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 23,037 shares. The stock had previously closed at $25.43.

Cabana Target Drawdown 10 ETF Stock Down 1.1%

The stock has a market capitalization of $126.30 million, a P/E ratio of 24.43 and a beta of 0.44. The business has a fifty day moving average price of $25.14 and a 200-day moving average price of $24.53.

Cabana Target Drawdown 10 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a dividend of $0.1782 per share. The ex-dividend date was Monday, September 29th. This represents a $0.71 annualized dividend and a yield of 2.8%. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 90.29%.

Institutional Trading of Cabana Target Drawdown 10 ETF

An institutional investor recently raised its position in Cabana Target Drawdown 10 ETF stock. AdvisorNet Financial Inc increased its stake in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSCFree Report) by 260.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,969 shares of the company’s stock after purchasing an additional 1,422 shares during the period. AdvisorNet Financial Inc’s holdings in Cabana Target Drawdown 10 ETF were worth $48,000 as of its most recent filing with the Securities & Exchange Commission. 31.57% of the stock is currently owned by institutional investors.

Cabana Target Drawdown 10 ETF Company Profile

(Get Free Report)

The Cabana Target Drawdown 10 ETF (TDSC) 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 10% from peak to trough.

Further Reading

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