VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Announces Dividend Increase – $0.23 Per Share

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Monday, March 9th, NASDAQ Dividends reports. Investors of record on Tuesday, March 10th will be given a dividend of 0.2345 per share on Wednesday, March 11th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 206.9% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08.

VictoryShares US Value Momentum ETF Stock Down 0.6%

ULVM stock traded down $0.56 during trading on Tuesday, hitting $96.47. The company had a trading volume of 888 shares, compared to its average volume of 5,176. VictoryShares US Value Momentum ETF has a 52-week low of $69.72 and a 52-week high of $100.16. The firm has a market capitalization of $231.53 million, a P/E ratio of 17.39 and a beta of 0.92. The company has a 50 day simple moving average of $96.45 and a 200-day simple moving average of $92.31.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several hedge funds have recently made changes to their positions in ULVM. Farmers & Merchants Investments Inc. bought a new position in shares of VictoryShares US Value Momentum ETF during the 3rd quarter worth $35,000. Manchester Financial Inc. raised its holdings in shares of VictoryShares US Value Momentum ETF by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock valued at $1,692,000 after acquiring an additional 737 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of VictoryShares US Value Momentum ETF by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after acquiring an additional 1,860 shares in the last quarter. Victory Capital Management Inc. lifted its stake in VictoryShares US Value Momentum ETF by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock worth $145,715,000 after acquiring an additional 10,000 shares during the period. Finally, Bank of America Corp DE lifted its stake in VictoryShares US Value Momentum ETF by 2,513.3% in the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after acquiring an additional 22,117 shares during the period.

About VictoryShares US Value Momentum ETF

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.