Great Valley Advisor Group Inc. Grows Stake in VictoryShares US Multi-Factor Minimum Volatility ETF $VSMV

Great Valley Advisor Group Inc. lifted its position in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 46.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 864,751 shares of the company’s stock after buying an additional 274,980 shares during the period. VictoryShares US Multi-Factor Minimum Volatility ETF makes up about 0.9% of Great Valley Advisor Group Inc.’s investment portfolio, making the stock its 23rd biggest position. Great Valley Advisor Group Inc. owned approximately 30.34% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $47,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of VSMV. Global Retirement Partners LLC boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after buying an additional 226 shares during 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 worth $206,000. Lindenwold Advisors INC boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% in the 3rd quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock worth $364,000 after buying an additional 1,534 shares during the last quarter. Truist Financial Corp boosted its stake 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 worth $460,000 after buying an additional 2,262 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter worth $572,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

VSMV stock opened at $60.11 on Friday. The company has a market cap of $156.29 million, a P/E ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $48.39 and a 1 year high of $60.74. The stock’s fifty day moving average price is $58.95 and its 200-day moving average price is $57.44.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were paid a $0.1132 dividend. This is an increase from VictoryShares US Multi-Factor Minimum Volatility 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 2.3%.

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.