VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Should You Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during trading on Thursday . The stock traded as high as $109.23 and last traded at $109.23, with a volume of 1490 shares trading hands. The stock had previously closed at $107.58.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 1.1%

The business’s fifty day moving average is $103.87 and its two-hundred day moving average is $98.56. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were given a $0.1824 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 2.0%. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several hedge funds have recently modified their holdings of the stock. Nova Wealth Management Inc. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after buying an additional 3,835 shares during the period. Finally, Strive Financial Group LLC purchased a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at about $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.