VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Down 0% – Time to Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)’s share price dropped 0% during mid-day trading on Wednesday . The company traded as low as $61.35 and last traded at $61.38. 1,733 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 5,601 shares. The stock had previously closed at $61.39.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

The stock’s 50-day simple moving average is $60.29 and its 200 day simple moving average is $59.14. The company has a market capitalization of $159.59 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a dividend of $0.0298 per share. The ex-dividend date was Friday, August 7th.

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

Several large investors have recently bought and sold shares of VSMV. Rockefeller Capital Management L.P. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth about $64,000. Global Retirement Partners LLC boosted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after acquiring an additional 226 shares in the last quarter. Valley Financial Group Inc. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 3rd quarter valued at about $206,000. Truist Financial Corp increased its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after acquiring an additional 2,262 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter worth about $542,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.