VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Plans Monthly Dividend of $0.21

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) announced a monthly dividend on Wednesday, October 7th. Shareholders of record on Thursday, October 8th will be paid a dividend of $0.2053 per share on Friday, October 9th. This represents a $2.46 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, October 8th. This is a 21.1% decrease from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.2602.

VictoryShares US Value Momentum ETF Stock Performance

VictoryShares US Value Momentum ETF stock opened at $102.95 on Thursday. The stock’s 50 day simple moving average is $107.42 and its two-hundred day simple moving average is $104.36. The stock has a market cap of $257.38 million, a price-to-earnings ratio of 17.39 and a beta of 0.87. VictoryShares US Value Momentum ETF has a fifty-two week low of $88.01 and a fifty-two week high of $111.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC grew its stake in VictoryShares US Value Momentum ETF by 5.0% in the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock worth $1,791,000 after purchasing an additional 806 shares during the period. Bank of America Corp DE lifted its position in VictoryShares US Value Momentum ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after buying an additional 1,267 shares during the period. World Investment Advisors purchased a new position in VictoryShares US Value Momentum ETF during the first quarter valued at $616,000. Finally, Manchester Financial Inc. boosted its holdings in shares of VictoryShares US Value Momentum ETF by 2.5% during the 1st quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock valued at $1,813,000 after buying an additional 469 shares in the last quarter.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.