Sovereign Financial Group Inc. Makes New $535,000 Investment in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Sovereign Financial Group Inc. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) in the fourth quarter, Holdings Channel reports. The fund bought 12,721 shares of the company’s stock, valued at approximately $535,000.

Other large investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. lifted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 6.0% during the 4th quarter. Atria Wealth Solutions Inc. now owns 8,692 shares of the company’s stock valued at $366,000 after buying an additional 495 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $1,378,000. Great Valley Advisor Group Inc. bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $7,465,000. Finally, Sykon Capital LLC purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth about $11,097,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.4 %

Shares of VSMV stock traded up $0.17 during trading hours on Tuesday, reaching $44.09. The stock had a trading volume of 649 shares, compared to its average volume of 11,086. The stock’s fifty day simple moving average is $44.13 and its 200 day simple moving average is $42.65. The firm has a market capitalization of $134.48 million, a PE ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $38.44 and a 12 month high of $45.31.

VictoryShares US Multi-Factor Minimum Volatility ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 12th were issued a $0.056 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.67 annualized dividend and a dividend yield of 1.52%.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.