The investment seeks to provide investment results that track the performance of the Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets directly or indirectly in the securities included in the Nasdaq Victory US Small Cap High Dividend 100 Volatility Weighted Index, an unmanaged, volatility weighted index maintained exclusively by the index provider. The index identifies the 100 highest dividend yielding stocks in the Nasdaq Victory US Small Cap 500 Volatility Weighted Index.
IPO Year: n/a
Exchange: NASDAQ
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KeyBanc Capital Markets analysts upgraded Portland General Electric Company (NYSE:POR) to Overweight from Sector Weight, with a $52 price target. The analysts write that the company is seeing strong power demand growth due to high-tech and semiconductor industries. The region is also appealing for data centers, especially those needing low latency, thanks to cross-Pacific subsea cables, adds the analysts. The analysts say that with industrial customers, who make up about 30% of the total load and are growing at 7.5%, POR’s overall load growth is robust. The analysts write that recent updates to POR’s power cost recovery mechanism have improved earnings by reducing exposure to v
ALLETE, Inc. (NYSE:ALE) inked a deal to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners for $6.2 billion, including the assumption of debt. As per the terms, CPP Investments and GIP will acquire ALLETE for $67.00 per share in cash, representing an premium of around 19.1% to ALLETE’s closing share price on December 4, 2023, the date prior to a media article reporting that ALLETE was exploring a sale. The consideration also represents a 22.1% premium to the 30-day volume weighted average share price prior to that date. The acquisition, which was unanimously approved by the Board of Directors, is expected to close in mid-2025, su