In the first quarter, Northwestern Mutual Wealth Management Co. scaled back its stake in the VictoryShares US 500 Enhanced Volatility Wtd ETF (NASDAQ:CFO) by 7.1%, as revealed in the latest Securities and Exchange Commission filing. Post adjustment, the firm held 16,650 shares of the ETF, having divested 1,271 shares during the particular quarter.
The filings with the Securities and Exchange Commission indicate the worth of the Northwestern Mutual Wealth Management Co’s stake in VictoryShares US 500 Enhanced Volatility Wtd ETF at $1,141,000. This followed the disposal of shares during the quarter.
Several other substantial investors have adjusted their holdings in the VictoryShares US 500 Enhanced Volatility Wtd ETF. NBC Securities Inc., for example, established a new position in the ETF in the first quarter, valued at approximately $26,000.
Additionally, in the first quarter, Calton & Associates Inc. established a new position in VictoryShares US 500 Enhanced Volatility Wtd ETF, with an approximate value of $128,000. This new acquisition marks a notable increase in the firm’s involvement in the ETF market.
Quent Capital LLC is another firm that obtained new shares in VictoryShares US 500 Enhanced Volatility Wtd ETF during the first quarter. Their stake is valued at around $323,000, reinforcing their commitment to this specific ETF.
Similar moves were made by Dynamic Advisor Solutions LLC, which also obtained a fresh position in VictoryShares US 500 Enhanced Volatility Wtd ETF during the first quarter of the year. Their stake has an approximate value of $360,000.
BridgePort Financial Solutions LLC was not exempted from this trend, acquiring a fresh stake in VictoryShares US 500 Enhanced Volatility Wtd ETF in the fourth quarter. The value of their new position stands at approximately $1,340,000.
Regarding the VictoryShares US 500 Enhanced Volatility Wtd ETF’s market performance, shares of CFO commenced at $73.24 on the first weekday. The ETF boasts a market capitalization of $421.14 million and a P/E ratio of 20.50, with a beta of 0.69.
Furthermore, the ETF has shown long-term consistency with its 50-day simple moving average standing at $72.08 and its 200-day simple moving average at $69.53. These figures demonstrate the ETF’s overall stability over a considerable time period.
The performance range of VictoryShares US 500 Enhanced Volatility Wtd ETF over the past year encompasses a low of $60.03 and a high of $74.07. This fluctuation illustrates the potential range of returns for investors in the ETF market.
The firm also recently made public a monthly dividend payment, distributed on Thursday, August 7th. Investors who held stakes on Wednesday, August 6th received a dividend of $0.0367 per share. This payout represents an annualized dividend and a dividend yield of just 0.6%.
The ex-dividend date of the announced disbursement was Wednesday, August 6th. This date specifies the cut-off for investors to have purchased the ETF’s shares to be eligible for receiving the latest dividend payment.
The VictoryShares US 500 Enhanced Volatility Wtd ETF, also known as CFO, primarily focuses on investments in large-cap equity. This focus forms the core strategy of the fund’s investment portfolio, a strategy that has shown significant results over the years.
The ETF trails an index comprising the most significant US stocks by market capitalization, vetted for positive earnings and weighted by volatility. This strategy underpins the ETF’s overall performance and sets a criteria for constituent stocks.
Notably, the fund can shift up to 75% of its holdings into cash during market downturns. This potential agility allows the fund to remain adaptable and versatile in responding to market conditions, thereby securing investor interests while facilitating capital preservation.
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