VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 12-Month High Following Dividend Announcement

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high during trading on Thursday after the company announced a dividend. The company traded as high as $104.62 and last traded at $104.39, with a volume of 46722 shares traded. The stock had previously closed at $103.64.

The newly announced dividend which will be paid on Monday, May 11th. Investors of record on Friday, May 8th will be given a $0.0358 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Friday, May 8th.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.5%

The stock’s 50 day moving average is $97.85 and its 200-day moving average is $95.01. The company has a market cap of $1.58 billion, a PE ratio of 15.38 and a beta of 1.01.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in shares of 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 valued at $357,000 after buying an additional 3,835 shares during the period. Nova Wealth Management Inc. grew its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after buying an additional 222 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter worth approximately $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.