VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 12-Month High – Still a Buy?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $98.01 and last traded at $97.68, with a volume of 714094 shares trading hands. The stock had previously closed at $95.81.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 2.0%

The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.38 and a beta of 1.04. The stock’s 50 day moving average price is $92.49 and its 200 day moving average price is $89.52.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at approximately $94,000. JPMorgan Chase & Co. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. lifted its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the third quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after acquiring an additional 1,920 shares during the last quarter.

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.