Great Valley Advisor Group Inc. Reduces Stake in VictoryShares Dividend Accelerator ETF $VSDA

Great Valley Advisor Group Inc. lowered its stake in VictoryShares Dividend Accelerator ETF (NASDAQ:VSDA) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 867,794 shares of the company’s stock after selling 277,046 shares during the period. VictoryShares Dividend Accelerator ETF makes up approximately 0.9% of Great Valley Advisor Group Inc.’s investment portfolio, making the stock its 24th biggest position. Great Valley Advisor Group Inc. owned 20.91% of VictoryShares Dividend Accelerator ETF worth $45,802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in VictoryShares Dividend Accelerator ETF in the fourth quarter worth about $97,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of VictoryShares Dividend Accelerator ETF by 144.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 42,906 shares of the company’s stock valued at $2,265,000 after buying an additional 25,341 shares during the period. Invariant Investment Management purchased a new position in shares of VictoryShares Dividend Accelerator ETF during the fourth quarter valued at approximately $280,000. Farther Finance Advisors LLC purchased a new position in shares of VictoryShares Dividend Accelerator ETF during the fourth quarter valued at approximately $72,000. Finally, DDD Partners LLC boosted its position in shares of VictoryShares Dividend Accelerator ETF by 4.2% during the fourth quarter. DDD Partners LLC now owns 109,442 shares of the company’s stock valued at $5,776,000 after buying an additional 4,374 shares during the period.

VictoryShares Dividend Accelerator ETF Price Performance

Shares of NASDAQ:VSDA opened at $56.60 on Friday. VictoryShares Dividend Accelerator ETF has a 1 year low of $50.40 and a 1 year high of $59.18. The business has a 50 day simple moving average of $55.30 and a two-hundred day simple moving average of $55.17. The firm has a market capitalization of $237.72 million, a PE ratio of 18.24 and a beta of 0.79.

VictoryShares Dividend Accelerator ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.1235 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. This is a boost from VictoryShares Dividend Accelerator ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, June 9th.

VictoryShares Dividend Accelerator ETF Company Profile

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.