VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Down 0.3% – Time to Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) were down 0.3% on Thursday . The company traded as low as $57.84 and last traded at $57.9350. Approximately 2,746 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 6,744 shares. The stock had previously closed at $58.13.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.3%

The stock has a 50-day moving average of $56.69 and a 200 day moving average of $54.34. The company has a market capitalization of $165.70 million, a PE ratio of 18.64 and a beta of 0.74.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 9th were given a dividend of $0.0332 per share. The ex-dividend date was Monday, February 9th. This is an increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a yield of 0.7%.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Several hedge funds have recently added to or reduced their stakes in VSMV. Global Retirement Partners LLC increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after purchasing an additional 226 shares during the last quarter. Valley Financial Group Inc. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth $206,000. Lindenwold Advisors INC raised its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% in the third quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock valued at $364,000 after buying an additional 1,534 shares during the period. Truist Financial Corp lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after buying an additional 2,262 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $572,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.