VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 1-Year High – What’s Next?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $105.01 and last traded at $104.97, with a volume of 3087 shares changing hands. The stock had previously closed at $103.57.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The firm has a 50 day simple moving average of $99.14 and a two-hundred day simple moving average of $96.08. The stock has a market cap of $1.60 billion, a P/E ratio of 15.38 and a beta of 1.01.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a dividend of $0.0358 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a yield of 0.4%.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several hedge funds have recently added to or reduced their stakes in USVM. JPMorgan Chase & Co. raised its stake 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 valued at $357,000 after acquiring an additional 3,835 shares in the last quarter. Nova Wealth Management Inc. raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after acquiring an additional 222 shares in the last quarter. Finally, Strive Financial Group LLC bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at $39,000.

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.