Commonwealth Equity Services LLC Sells 13,017 Shares of Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA)

Commonwealth Equity Services LLC cut its position in shares of Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,592 shares of the company’s stock after selling 13,017 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Victoryshares Dividend Accelerator ETF were worth $3,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Financial Partners Inc lifted its position in shares of Victoryshares Dividend Accelerator ETF by 2.3% in the 4th quarter. Pinnacle Financial Partners Inc now owns 464,910 shares of the company’s stock worth $23,631,000 after acquiring an additional 10,637 shares during the period. Investors Research Corp lifted its position in Victoryshares Dividend Accelerator ETF by 5.9% in the fourth quarter. Investors Research Corp now owns 230,028 shares of the company’s stock worth $11,692,000 after purchasing an additional 12,803 shares during the period. DDD Partners LLC lifted its holdings in shares of Victoryshares Dividend Accelerator ETF by 100.7% during the 4th quarter. DDD Partners LLC now owns 186,195 shares of the company’s stock worth $9,464,000 after acquiring an additional 93,402 shares during the period. Gladstone Institutional Advisory LLC boosted its position in shares of Victoryshares Dividend Accelerator ETF by 1.5% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 85,959 shares of the company’s stock valued at $4,369,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Victoryshares Dividend Accelerator ETF in the fourth quarter valued at about $2,088,000.

Victoryshares Dividend Accelerator ETF Stock Up 1.0 %

Shares of VSDA opened at $51.45 on Tuesday. The company has a 50-day moving average price of $51.83 and a two-hundred day moving average price of $52.36. The stock has a market cap of $244.38 million, a price-to-earnings ratio of 18.20 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 12 month low of $47.43 and a 12 month high of $55.25.

Victoryshares Dividend Accelerator ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were given a $0.1081 dividend. This is a boost from Victoryshares Dividend Accelerator ETF’s previous dividend of $0.03. The ex-dividend date was Monday, March 10th.

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.