VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 1-Year High – Should You Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $93.89 and last traded at $94.0010, with a volume of 18083 shares changing hands. The stock had previously closed at $93.43.

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

The firm’s 50 day simple moving average is $90.90 and its 200 day simple moving average is $88.55. The company has a market capitalization of $1.22 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were paid a dividend of $0.3684 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.03.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USVM. Nova Wealth Management Inc. bought a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the first quarter worth $43,000. Bessemer Group Inc. purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter worth about $94,000. Finally, JPMorgan Chase & Co. increased its stake in 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 worth $357,000 after buying an additional 3,835 shares during the period.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.