VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Stock Price Down 0.7% – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVMGet Free Report)’s stock price dropped 0.7% during mid-day trading on Friday . The company traded as low as $108.84 and last traded at $108.92. Approximately 18,173 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 61,714 shares. The stock had previously closed at $109.69.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 0.7%

The firm has a 50-day moving average of $109.75 and a 200 day moving average of $103.57. The company has a market cap of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a $0.0854 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a yield of 0.9%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Strive Financial Group LLC bought a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at $39,000. Capital Square LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 2nd quarter valued at $266,000. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 valued at $357,000 after acquiring an additional 3,835 shares during the period.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

(Get Free Report)

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.

Further Reading

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