VictoryShares US Small Mid Cap Value Momentum ETF (USVM) to Issue Monthly Dividend of $0.06 on January 9th

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) declared a monthly dividend on Wednesday, January 7th. Stockholders of record on Thursday, January 8th will be paid a dividend of 0.0623 per share on Friday, January 9th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, January 8th.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 1.4%

VictoryShares US Small Mid Cap Value Momentum ETF stock opened at $95.16 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $68.07 and a 52 week high of $95.33. The stock has a market cap of $1.24 billion, a PE ratio of 15.38 and a beta of 1.04. The stock has a 50-day moving average price of $91.21 and a 200 day moving average price of $88.72.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the first quarter valued at approximately $43,000. Bessemer Group Inc. acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter worth $94,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $357,000 after purchasing an additional 3,835 shares during the last quarter.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.