VictoryShares US Multi-Factor Minimum Volatility ETF Plans Monthly Dividend of $0.04 (NASDAQ:VSMV)

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Thursday, May 7th, NASDAQ Dividends reports. Shareholders of record on Friday, May 8th will be given a dividend of 0.0355 per share on Monday, May 11th. This represents a c) annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of NASDAQ:VSMV traded up $0.28 during trading on Friday, hitting $59.54. The company’s stock had a trading volume of 19,230 shares, compared to its average volume of 6,967. The business has a 50 day moving average price of $57.67 and a two-hundred day moving average price of $56.36. The company has a market capitalization of $154.80 million, a PE ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a fifty-two week low of $47.64 and a fifty-two week high of $59.63.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth $64,000. Global Retirement Partners LLC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after purchasing an additional 226 shares in the last quarter. Valley Financial Group Inc. acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth $206,000. Lindenwold Advisors INC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the third quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock worth $364,000 after purchasing an additional 1,534 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares in the last quarter.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.