Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Trading Up 0% – Here’s Why

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB)’s share price shot up 0% on Tuesday . The company traded as high as $23.90 and last traded at $23.85. 14,917 shares were traded during mid-day trading, an increase of 30% from the average session volume of 11,490 shares. The stock had previously closed at $23.84.

Cabana Target Drawdown 7 ETF Price Performance

The business’s 50-day simple moving average is $23.64 and its two-hundred day simple moving average is $22.81. The stock has a market cap of $61.53 million, a price-to-earnings ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.1312 per share. The ex-dividend date was Monday, September 29th. This represents a $0.52 dividend on an annualized basis and a yield of 2.2%. This is an increase from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.10.

Institutional Trading of Cabana Target Drawdown 7 ETF

An institutional investor recently raised its position in Cabana Target Drawdown 7 ETF stock. AdvisorNet Financial Inc lifted its position in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) by 583.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,892 shares of the company’s stock after purchasing an additional 1,615 shares during the period. AdvisorNet Financial Inc owned about 0.06% of Cabana Target Drawdown 7 ETF worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

About Cabana Target Drawdown 7 ETF

The Cabana Target Drawdown 7 ETF (TDSB) 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 7% from peak to trough.