VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High Following Dividend Announcement

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) hit a new 52-week high on Tuesday after the company announced a dividend. The stock traded as high as $105.95 and last traded at $105.95, with a volume of 1512 shares traded. The stock had previously closed at $104.65.

The newly announced dividend which will be 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 2.1%.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 0.6%

The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99. The stock has a 50-day moving average of $101.80 and a two-hundred day moving average of $97.43.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after purchasing an additional 3,835 shares during the period. Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at about $39,000. Finally, Nova Wealth Management Inc. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing 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.