VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) Sees Strong Trading Volume – What’s Next?

Shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF (NASDAQ:CDC) saw unusually-high trading volume on Monday . Approximately 186,791 shares were traded during mid-day trading, an increase of 462% from the previous session’s volume of 33,224 shares.The stock last traded at $58.16 and had previously closed at $60.18.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Price Performance

The firm has a fifty day simple moving average of $64.59 and a 200-day simple moving average of $64.57. The firm has a market cap of $706.03 million, a P/E ratio of -1,186.43 and a beta of 0.68.

VictoryShares US EQ Income Enhanced Volatility Wtd ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 10th were issued a dividend of $0.2059 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s previous dividend of $0.13. VictoryShares US EQ Income Enhanced Volatility Wtd ETF’s payout ratio is -3,999.44%.

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

Several institutional investors have recently added to or reduced their stakes in the stock. Ameriflex Group Inc. bought a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF in the fourth quarter valued at approximately $399,000. Integrated Wealth Concepts LLC raised its position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF by 2.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 122,692 shares of the company’s stock worth $7,678,000 after buying an additional 2,519 shares in the last quarter. Keystone Financial Group purchased a new position in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter worth about $2,286,000. JPMorgan Chase & Co. purchased a new stake in shares of VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the 4th quarter valued at $92,000. Finally, Noble Wealth Management PBC purchased a new stake in VictoryShares US EQ Income Enhanced Volatility Wtd ETF during the fourth quarter valued at about $64,000.

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.