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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $96.11 and last traded at $96.0080, with a volume of 1799 shares traded. The stock had previously closed at $95.62.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The stock has a market capitalization of $1.27 billion, a PE ratio of 15.38 and a beta of 1.04. The firm’s 50 day simple moving average is $91.93 and its 200 day simple moving average is $89.16.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0623 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, January 8th.

Institutional Investors Weigh In On 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 the company. Bessemer Group Inc. purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter worth about $94,000. Nova Wealth Management Inc. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after purchasing an additional 1,920 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings 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.

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.