Focus Financial Network Inc. Sells 437 Shares of Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA)

Focus Financial Network Inc. trimmed its stake in Victoryshares Dividend Accelerator ETF (NASDAQ:VSDA) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,331 shares of the company’s stock after selling 437 shares during the quarter. Focus Financial Network Inc. owned approximately 0.09% of Victoryshares Dividend Accelerator ETF worth $220,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Victoryshares Dividend Accelerator ETF during the third quarter worth $216,000. Integrated Advisors Network LLC grew its position in shares of Victoryshares Dividend Accelerator ETF by 28.2% in the 3rd quarter. Integrated Advisors Network LLC now owns 5,472 shares of the company’s stock valued at $291,000 after acquiring an additional 1,203 shares during the period. Gladstone Institutional Advisory LLC increased its stake in shares of Victoryshares Dividend Accelerator ETF by 1.5% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 84,719 shares of the company’s stock worth $4,501,000 after purchasing an additional 1,272 shares during the last quarter. Investors Research Corp raised its holdings in shares of Victoryshares Dividend Accelerator ETF by 8.0% in the 3rd quarter. Investors Research Corp now owns 217,225 shares of the company’s stock valued at $11,541,000 after purchasing an additional 16,107 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in Victoryshares Dividend Accelerator ETF by 7.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 363,836 shares of the company’s stock valued at $19,331,000 after purchasing an additional 26,101 shares during the last quarter.

Victoryshares Dividend Accelerator ETF Stock Performance

Victoryshares Dividend Accelerator ETF stock opened at $51.87 on Friday. The stock has a 50-day simple moving average of $51.70 and a 200 day simple moving average of $52.20. The stock has a market capitalization of $246.38 million, a P/E ratio of 21.70 and a beta of 0.86. Victoryshares Dividend Accelerator ETF has a 52 week low of $47.43 and a 52 week high of $55.25.

Victoryshares Dividend Accelerator ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were issued a dividend of $0.032 per share. The ex-dividend date of this dividend was Friday, February 7th.

About Victoryshares Dividend Accelerator ETF

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.