Victory Capital Management Inc. Trims Stake in VictoryShares US Value Momentum ETF (NASDAQ:ULVM)

Victory Capital Management Inc. decreased its position in shares of VictoryShares US Value Momentum ETF (NASDAQ:ULVM) by 3.0% during the fourth quarter, Holdings Channel reports. The fund owned 1,943,280 shares of the company’s stock after selling 60,000 shares during the period. Victory Capital Management Inc. owned approximately 0.88% of VictoryShares US Value Momentum ETF worth $132,648,000 as of its most recent SEC filing.

Separately, Charles Schwab Investment Management Inc. boosted its position in shares of VictoryShares US Value Momentum ETF by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 217,032 shares of the company’s stock worth $13,381,000 after purchasing an additional 1,558 shares in the last quarter.

VictoryShares US Value Momentum ETF Stock Down 0.5 %

Shares of ULVM opened at $72.13 on Thursday. The business’s 50 day moving average price is $73.43 and its 200-day moving average price is $68.59. VictoryShares US Value Momentum ETF has a 52 week low of $58.90 and a 52 week high of $76.07. The stock has a market cap of $147.87 million, a P/E ratio of 15.67 and a beta of 0.80.

VictoryShares US Value Momentum ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, April 12th were given a $0.1619 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.69%.

VictoryShares US Value Momentum ETF 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.