VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Trading 0.5% Higher – What’s Next?

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) were up 0.5% during trading on Friday . The stock traded as high as $99.88 and last traded at $99.84. Approximately 639 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 5,148 shares. The stock had previously closed at $99.39.

VictoryShares US Value Momentum ETF Stock Performance

The stock has a market capitalization of $239.62 million, a PE ratio of 17.39 and a beta of 0.92. The firm’s 50 day moving average is $95.01 and its two-hundred day moving average is $91.32.

VictoryShares US Value Momentum ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 9th were paid a $0.0764 dividend. The ex-dividend date was Monday, February 9th. This is an increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a dividend yield of 0.9%.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of VictoryShares US Value Momentum ETF by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after buying an additional 1,860 shares during the period. Victory Capital Management Inc. raised its holdings in VictoryShares US Value Momentum ETF by 15.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock valued at $169,717,000 after acquiring an additional 248,284 shares in the last quarter. Manchester Financial Inc. lifted its stake in VictoryShares US Value Momentum ETF by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock worth $1,692,000 after acquiring an additional 737 shares during the last quarter. Bank of America Corp DE grew its holdings in VictoryShares US Value Momentum ETF by 2,513.3% during the 3rd quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after acquiring an additional 22,117 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of VictoryShares US Value Momentum ETF in the 3rd quarter valued at approximately $35,000.

About VictoryShares US Value Momentum ETF

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.