VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Raises Dividend to $0.11 Per Share

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Stockholders of record on Tuesday, June 9th will be paid a dividend of 0.1132 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a 218.8% increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.04.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VSMV stock traded down $0.20 during trading hours on Tuesday, hitting $59.31. 2,487 shares of the company were exchanged, compared to its average volume of 6,316. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $48.39 and a one year high of $60.74. The business’s 50-day simple moving average is $58.74 and its two-hundred day simple moving average is $57.31. The stock has a market capitalization of $154.21 million, a price-to-earnings ratio of 18.64 and a beta of 0.69.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth about $64,000. Great Valley Advisor Group Inc. lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% during 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 during 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 worth $12,350,000 after purchasing 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 worth $161,000 after purchasing an additional 226 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares during 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.