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

VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) saw unusually-strong trading volume on Wednesday . Approximately 219,648 shares were traded during mid-day trading, an increase of 306% from the previous session’s volume of 54,048 shares.The stock last traded at $65.43 and had previously closed at $65.46.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Stock Down 0.2 %

The company has a market capitalization of $833.85 million, a price-to-earnings ratio of -1,307.82 and a beta of 0.68. The firm has a 50 day moving average price of $64.65 and a two-hundred day moving average price of $61.71.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, November 7th were given a $0.121 dividend. This represents a $1.45 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, November 7th. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is -4,199.41%.

Institutional Trading of 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. raised its stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 179,885 shares of the company’s stock after purchasing an additional 3,138 shares during the period. Cambridge Investment Research Advisors Inc. owned 1.31% of VictoryShares US EQ Income Enhanced Volatility Wtd ETF worth $10,534,000 as of its most recent SEC filing.

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.