VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) Sees Large Volume Increase – Here’s Why

Shares of VictoryShares US 500 Volatility Wtd ETF (NASDAQ:CFA) saw strong trading volume on Tuesday . 62,349 shares traded hands during trading, an increase of 706% from the previous session’s volume of 7,734 shares.The stock last traded at $94.4910 and had previously closed at $94.75.

VictoryShares US 500 Volatility Wtd ETF Stock Up 0.2%

The firm has a market capitalization of $529.31 million, a P/E ratio of 20.50 and a beta of 0.87. The company’s 50 day moving average is $93.61 and its 200-day moving average is $92.97.

VictoryShares US 500 Volatility Wtd ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.0376 dividend. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, May 8th.

Institutional Investors Weigh In On VictoryShares US 500 Volatility Wtd ETF

Hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in VictoryShares US 500 Volatility Wtd ETF in the first quarter valued at approximately $60,000. Kestra Advisory Services LLC bought a new position in shares of VictoryShares US 500 Volatility Wtd ETF in the fourth quarter valued at $82,000. Westside Investment Management Inc. lifted its stake in shares of VictoryShares US 500 Volatility Wtd ETF by 39.3% in the third quarter. Westside Investment Management Inc. now owns 1,500 shares of the company’s stock valued at $136,000 after buying an additional 423 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of VictoryShares US 500 Volatility Wtd ETF by 571.9% in the second quarter. JPMorgan Chase & Co. now owns 2,130 shares of the company’s stock valued at $187,000 after buying an additional 1,813 shares in the last quarter. Finally, Calton & Associates Inc. bought a new position in shares of VictoryShares US 500 Volatility Wtd ETF in the third quarter valued at $206,000.

VictoryShares US 500 Volatility Wtd ETF Company Profile

The VictoryShares US 500 Volatility Wtd ETF (CFA) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of the largest US stocks by market cap, screened for positive earnings and weighted by volatility. CFA was launched on Jul 2, 2014 and is managed by VictoryShares.