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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $108.93 and last traded at $108.78, with a volume of 3078 shares changing hands. The stock had previously closed at $107.84.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.4%

The business’s 50-day simple moving average is $102.30 and its 200 day simple moving average is $97.69. The company has a market capitalization of $1.65 billion, a P/E ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a $0.1824 dividend. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at about $39,000. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $357,000 after acquiring an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. raised its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after acquiring an additional 222 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.