VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $110.81 and last traded at $110.81, with a volume of 1144 shares traded. The stock had previously closed at $110.56.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The firm has a market capitalization of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.98. The company’s 50 day moving average price is $106.78 and its 200 day moving average price is $101.06.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.3027 per share. The ex-dividend date was Thursday, July 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of hedge funds have recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at $39,000. JPMorgan Chase & Co. raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after buying an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying 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.