VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Shares Up 0.1% – Here’s Why

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)’s stock price were up 0.1% during trading on Thursday . The company traded as high as $57.21 and last traded at $57.1850. Approximately 8,747 shares were traded during mid-day trading, an increase of 81% from the average daily volume of 4,824 shares. The stock had previously closed at $57.12.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

The firm has a market cap of $165.84 million, a price-to-earnings ratio of 18.64 and a beta of 0.74. The firm’s fifty day moving average is $55.72 and its 200-day moving average is $53.42.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0241 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, January 8th.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently added to or reduced their stakes in VSMV. Valley Financial Group Inc. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 3rd quarter valued at $206,000. Lindenwold Advisors INC grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% in the second quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock worth $259,000 after purchasing an additional 676 shares during the period. Dakota Wealth Management bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at $572,000. Two Sigma Investments LP raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the third quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock valued at $649,000 after purchasing an additional 800 shares during the period. Finally, One Degree Advisors Inc boosted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% during the 2nd quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock worth $615,000 after purchasing an additional 355 shares in the last quarter.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.