VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 52-Week High – Here’s What Happened

by · The Markets Daily

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $96.11 and last traded at $96.0080, with a volume of 1799 shares. The stock had previously closed at $95.62.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.1%

The firm’s fifty day simple moving average is $91.47 and its 200-day simple moving average is $88.98. The firm has a market capitalization of $1.25 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were issued a $0.0623 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 0.8%.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares during the last quarter. Nova Wealth Management Inc. boosted its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock worth $379,000 after purchasing an additional 1,920 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 2nd quarter valued at approximately $94,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

The VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index of small- and mid-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. USVM was launched on Oct 24, 2017 and is managed by VictoryShares.

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