VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Stock Price Down 1.2% – Here’s What Happened

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) fell 1.2% on Thursday . The stock traded as low as $89.63 and last traded at $89.73. 25,863 shares changed hands during trading, a decline of 68% from the average session volume of 80,970 shares. The stock had previously closed at $90.80.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The firm’s fifty day moving average price is $88.43 and its two-hundred day moving average price is $83.08. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 15.38 and a beta of 1.11.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 10th. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.2197 per share. The ex-dividend date is Thursday, October 9th. This represents a c) annualized dividend and a dividend yield of 2.9%.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several hedge funds have recently bought and sold shares of USVM. Nova Wealth Management Inc. grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after purchasing an additional 1,920 shares during the period. Bessemer Group Inc. acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at $94,000. Finally, Comprehensive Financial Planning Inc. PA grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 40.1% in the 1st quarter. Comprehensive Financial Planning Inc. PA now owns 2,199 shares of the company’s stock valued at $183,000 after purchasing an additional 629 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.