VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 1-Year High – Time to Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) hit a new 52-week high during trading on Tuesday . The company traded as high as $111.23 and last traded at $111.23, with a volume of 2145 shares traded. The stock had previously closed at $110.65.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock has a market capitalization of $1.81 billion, a P/E ratio of 15.38 and a beta of 0.99. The firm’s fifty day simple moving average is $107.87 and its 200 day simple moving average is $101.80.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.3027 per share. The ex-dividend date was Thursday, July 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

A hedge fund recently raised its position in VictoryShares US Small Mid Cap Value Momentum ETF stock. JPMorgan Chase & Co. grew its stake in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) by 3,759.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,937 shares of the company’s stock after purchasing an additional 3,835 shares during the period. JPMorgan Chase & Co.’s holdings in VictoryShares US Small Mid Cap Value Momentum ETF were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

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.