VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Shares Down 0% – What’s Next?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)’s stock price were down 0% during mid-day trading on Wednesday . The company traded as low as $61.35 and last traded at $61.38. 1,733 shares changed hands during trading, a decline of 69% from the average session volume of 5,601 shares. The stock had previously closed at $61.39.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.8%

The stock has a market cap of $160.86 million, a price-to-earnings ratio of 18.64 and a beta of 0.69. The stock’s 50 day moving average is $60.35 and its two-hundred day moving average is $59.17.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were given a $0.0298 dividend. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 7th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after purchasing an additional 226 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the first quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock worth $4,834,000 after purchasing an additional 503 shares during the period. Two Sigma Investments LP lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the third quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after purchasing an additional 800 shares during the period. Raymond James Financial Inc. grew its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% in the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock valued at $2,594,000 after buying an additional 822 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at $64,000.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.