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 during mid-day trading on Tuesday . The company traded as high as $105.95 and last traded at $105.95, with a volume of 1512 shares changing hands. The stock had previously closed at $104.65.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99. The business’s 50 day moving average is $101.31 and its 200-day moving average is $97.18.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

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

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several institutional investors have recently made changes to their positions in the business. Nova Wealth Management Inc. boosted its position in shares of 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. Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at about $39,000. Finally, JPMorgan Chase & Co. increased its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third 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 in the last quarter.

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.