Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Stock Price Down 0.1% – Here’s Why

Shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB – Get Free Report) were down 0.1% during mid-day trading on Wednesday. The stock traded as low as $24.76 and last traded at $24.76. 1,488 shares were traded during trading, a decline of 77% from the average session volume of 6,517 shares. The stock had previously closed at $24.78.

Cabana Target Drawdown 7 ETF Stock Up 0.0%

The business’s fifty day moving average is $24.81 and its 200 day moving average is $24.73. The firm has a market capitalization of $48.38 million, a price-to-earnings ratio of 20.85 and a beta of 0.33.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.0435 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 28th. This is a drop from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260.

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC purchased a new stake in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned approximately 0.30% of Cabana Target Drawdown 7 ETF at the end of the most recent reporting period.

About Cabana Target Drawdown 7 ETF

(Get Free Report)

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. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.

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