VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Plans Dividend Increase – $0.11 Per Share

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Shareholders of record on Tuesday, June 9th will be paid a dividend of 0.1132 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, June 9th. This is a 218.8% increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.04.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Down 0.3%

NASDAQ VSMV traded down $0.20 during trading hours on Tuesday, reaching $59.31. The company’s stock had a trading volume of 2,487 shares, compared to its average volume of 6,316. The business has a 50-day simple moving average of $58.74 and a 200 day simple moving average of $57.31. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $48.39 and a 52 week high of $60.74. The stock has a market cap of $154.21 million, a PE ratio of 18.64 and a beta of 0.69.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of large investors have recently bought and sold shares of VSMV. Rockefeller Capital Management L.P. bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter worth about $64,000. Global Retirement Partners LLC lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after acquiring an additional 226 shares during the last quarter. Valley Financial Group Inc. bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter worth about $206,000. Lindenwold Advisors INC lifted its holdings in 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 worth $364,000 after acquiring an additional 1,534 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after acquiring an additional 2,262 shares during the last quarter.

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.