Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Shares Up 0.2% – Still a Buy?

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB)’s stock price shot up 0.2% during trading on Thursday . The stock traded as high as $24.84 and last traded at $24.84. 14,399 shares traded hands during trading, an increase of 13% from the average session volume of 12,742 shares. The stock had previously closed at $24.79.

Cabana Target Drawdown 7 ETF Trading Up 0.2%

The stock has a market capitalization of $55.89 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. The firm has a 50-day moving average of $24.35 and a 200-day moving average of $23.76.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.1287 dividend. This represents a $0.51 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, December 30th.

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