VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Shares Up 0.1% – Here’s Why

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) shares shot up 0.1% during mid-day trading on Thursday . The stock traded as high as $95.49 and last traded at $95.42. 31,476 shares changed hands during mid-day trading, an increase of 266% from the average session volume of 8,604 shares. The stock had previously closed at $95.31.

VictoryShares US Value Momentum ETF Stock Up 0.1%

The stock has a 50-day moving average price of $92.85 and a 200 day moving average price of $89.89. The firm has a market capitalization of $224.24 million, a price-to-earnings ratio of 17.39 and a beta of 0.92.

VictoryShares US Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were given a $0.0226 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.3%.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several institutional investors have recently modified their holdings of ULVM. Bank of America Corp DE grew its stake in shares of VictoryShares US Value Momentum ETF by 2,513.3% during the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after purchasing an additional 22,117 shares in the last quarter. Cetera Investment Advisers purchased a new stake in VictoryShares US Value Momentum ETF during the 2nd quarter worth about $1,783,000. Victory Capital Management Inc. boosted its position in shares of VictoryShares US Value Momentum ETF by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock worth $145,715,000 after acquiring an additional 10,000 shares in the last quarter. Manchester Financial Inc. increased its holdings in shares of VictoryShares US Value Momentum ETF by 93.6% in the 2nd quarter. Manchester Financial Inc. now owns 13,566 shares of the company’s stock valued at $1,155,000 after acquiring an additional 6,559 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of VictoryShares US Value Momentum ETF during the 3rd quarter worth about $35,000.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.