VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during trading on Monday . The company traded as high as $108.93 and last traded at $108.78, with a volume of 3078 shares traded. The stock had previously closed at $107.84.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.4%

The company has a market capitalization of $1.65 billion, a P/E ratio of 15.38 and a beta of 0.99. The business has a 50 day simple moving average of $102.30 and a 200-day simple moving average of $97.69.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a $0.1824 dividend. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 2.0%. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of USVM. Strive Financial Group LLC bought a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. increased 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 purchasing an additional 222 shares during the period.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.