Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Shares Break Below 200 Day Moving Average – Should You Sell?

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $24.71 and traded as low as $24.66. Cabana Target Drawdown 7 ETF shares last traded at $24.69, with a volume of 1,162 shares.

Cabana Target Drawdown 7 ETF Stock Down 0.2%

The stock has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $24.71. The stock has a market cap of $48.15 million, a price-to-earnings ratio of 20.85 and a beta of 0.32.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a dividend of $0.0435 per share. The ex-dividend date of this dividend was Monday, September 28th. This is a negative change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%.

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC purchased a new stake in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned 0.30% of Cabana Target Drawdown 7 ETF at the end of the most recent quarter.

About Cabana Target Drawdown 7 ETF

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.