VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 52-Week High – Here’s What Happened

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high on Thursday . The company traded as high as $109.23 and last traded at $109.23, with a volume of 1490 shares. The stock had previously closed at $107.58.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.8%

The firm has a fifty day moving average of $104.25 and a 200-day moving average of $98.76. The firm has a market cap of $1.67 billion, a P/E ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were given a dividend of $0.1824 per share. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 2.0%. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during 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. 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 $39,000. Finally, Nova Wealth Management Inc. boosted its position 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 purchasing an additional 222 shares during the last quarter.

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.