Investors Research Corp Has $11.54 Million Position in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA)

Investors Research Corp increased its stake in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) by 8.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 217,225 shares of the company’s stock after buying an additional 16,107 shares during the period. Victoryshares Dividend Accelerator ETF comprises 2.5% of Investors Research Corp’s holdings, making the stock its 8th largest position. Investors Research Corp’s holdings in Victoryshares Dividend Accelerator ETF were worth $11,541,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Financial Partners Inc lifted its holdings in Victoryshares Dividend Accelerator ETF by 4.3% during the third quarter. Pinnacle Financial Partners Inc now owns 454,273 shares of the company’s stock valued at $24,136,000 after purchasing an additional 18,645 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Victoryshares Dividend Accelerator ETF by 1.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 84,719 shares of the company’s stock valued at $4,501,000 after buying an additional 1,272 shares in the last quarter. Integrated Advisors Network LLC raised its stake in Victoryshares Dividend Accelerator ETF by 28.2% during the third quarter. Integrated Advisors Network LLC now owns 5,472 shares of the company’s stock valued at $291,000 after purchasing an additional 1,203 shares in the last quarter. Cornerstone Wealth Management LLC bought a new position in Victoryshares Dividend Accelerator ETF during the third quarter valued at $216,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Victoryshares Dividend Accelerator ETF by 98.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 118,768 shares of the company’s stock worth $5,738,000 after buying an additional 58,798 shares in the last quarter.

Victoryshares Dividend Accelerator ETF Price Performance

Shares of NASDAQ VSDA traded up $0.06 during mid-day trading on Thursday, hitting $53.33. 157 shares of the company’s stock traded hands, compared to its average volume of 15,692. Victoryshares Dividend Accelerator ETF has a 1 year low of $44.78 and a 1 year high of $53.99. The company’s 50-day moving average is $52.86 and its two-hundred day moving average is $50.83. The company has a market capitalization of $263.98 million, a P/E ratio of 21.70 and a beta of 0.86.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were issued a $0.0307 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 7th.

About Victoryshares Dividend Accelerator ETF

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.