Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Trading 0.3% Higher – What’s Next?

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB)’s stock price was up 0.3% during trading on Wednesday . The stock traded as high as $23.99 and last traded at $23.99. Approximately 17,659 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 11,599 shares. The stock had previously closed at $23.91.

Cabana Target Drawdown 7 ETF Price Performance

The stock has a market cap of $61.89 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. The business’s 50-day simple moving average is $23.90 and its two-hundred day simple moving average is $23.03.

Cabana Target Drawdown 7 ETF Increases Dividend

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

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

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

Cabana Target Drawdown 7 ETF Company Profile

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.