VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Declares Monthly Dividend of $0.06

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Wednesday, July 8th, NASDAQ Dividends reports. Investors of record on Thursday, July 9th will be paid a dividend of 0.0591 per share on Friday, July 10th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, July 9th.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ:VSMV remained flat at $59.58 during trading hours on Thursday. 3,335 shares of the company were exchanged, compared to its average volume of 5,966. The stock has a market cap of $154.91 million, a P/E ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $48.71 and a 52 week high of $60.91. The firm has a 50 day simple moving average of $59.62 and a 200 day simple moving average of $58.05.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth $64,000. Great Valley Advisor Group Inc. raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after purchasing an additional 274,980 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock valued at $12,350,000 after buying an additional 217,521 shares during the last quarter. Global Retirement Partners LLC lifted its position 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 valued at $161,000 after buying an additional 226 shares during the last quarter. Finally, Truist Financial Corp boosted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after buying 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.