VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 1-Year High – Time to Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during trading on Wednesday . The company traded as high as $110.23 and last traded at $109.83, with a volume of 25491 shares trading hands. The stock had previously closed at $109.81.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The firm’s 50 day moving average price is $104.59 and its two-hundred day moving average price is $99.06. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were paid a $0.1824 dividend. This is an increase 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) annualized dividend and a dividend yield of 2.0%.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Several large investors have recently modified their holdings of the stock. Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at $39,000. JPMorgan Chase & Co. lifted its stake 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 worth $357,000 after acquiring an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. lifted its stake 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 worth $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.