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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high on Wednesday . The stock 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 Trading Up 0.0%

The stock’s fifty day moving average price is $104.59 and its 200-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 firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a $0.1824 dividend. The ex-dividend date was Tuesday, June 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.0%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USVM. 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. Nova Wealth Management Inc. raised its holdings in 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 valued at $403,000 after buying an additional 222 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in 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 valued at $357,000 after buying an additional 3,835 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.