VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Should You Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during trading on Thursday . The stock traded as high as $109.23 and last traded at $109.23, with a volume of 1490 shares. The stock had previously closed at $107.58.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock’s 50-day simple moving average is $103.87 and its 200 day simple moving average is $98.56. The company has a market capitalization of $1.66 billion, a PE ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a dividend of $0.1824 per share. The ex-dividend date was Tuesday, June 9th. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. 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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd 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. Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter worth about $39,000. Finally, Nova Wealth Management Inc. lifted its stake in 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 worth $403,000 after purchasing an additional 222 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.