Raymond James & Associates Lowers Holdings in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA)

Raymond James & Associates trimmed its stake in shares of Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,696 shares of the company’s stock after selling 3,466 shares during the period. Raymond James & Associates owned about 0.81% of Victoryshares Dividend Accelerator ETF worth $1,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Great Valley Advisor Group Inc. boosted its stake in shares of Victoryshares Dividend Accelerator ETF by 5.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 337,735 shares of the company’s stock worth $16,319,000 after acquiring an additional 18,646 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Victoryshares Dividend Accelerator ETF in the 4th quarter worth about $566,000. Scarborough Advisors LLC purchased a new position in Victoryshares Dividend Accelerator ETF during the fourth quarter worth approximately $195,000. Gladstone Institutional Advisory LLC grew its holdings in Victoryshares Dividend Accelerator ETF by 1.0% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 78,214 shares of the company’s stock valued at $3,721,000 after purchasing an additional 800 shares during the period. Finally, GPS Wealth Strategies Group LLC purchased a new stake in shares of Victoryshares Dividend Accelerator ETF in the second quarter valued at approximately $26,000.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of NASDAQ:VSDA opened at $52.28 on Wednesday. The business’s 50 day moving average price is $50.09 and its 200-day moving average price is $49.32. Victoryshares Dividend Accelerator ETF has a 1 year low of $41.26 and a 1 year high of $52.57. The firm has a market capitalization of $261.39 million, a price-to-earnings ratio of 21.70 and a beta of 0.86.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.0232 per share. This represents a $0.28 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Thursday, August 8th.

Victoryshares Dividend Accelerator ETF Profile

The VictoryShares Dividend Accelerator ETF (VSDA) is an exchange-traded fund that is based on the Nasdaq Victory Dividend Accelerator index. The fund tracks an index of dividend-paying US large- and mid-cap stocks with a high likelihood of future dividend growth. VSDA was launched on Apr 18, 2017 and is managed by VictoryShares.