VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Raises Dividend to $0.25 Per Share

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) announced a monthly dividend on Wednesday, October 7th. Shareholders of record on Thursday, October 8th will be paid a dividend of $0.2459 per share on Friday, October 9th. This represents a $2.95 annualized dividend and a yield of 2.9%. The ex-dividend date is Thursday, October 8th. This is a 30.6% increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.1882.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 1.2%

Shares of NASDAQ USVM opened at $103.54 on Thursday. VictoryShares US Small Mid Cap Value Momentum ETF has a 12-month low of $86.52 and a 12-month high of $112.66. The stock’s fifty day simple moving average is $108.03 and its two-hundred day simple moving average is $105.31. The stock has a market capitalization of $1.72 billion, a PE ratio of 15.38 and a beta of 1.00.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A hedge fund recently bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF stock. Capital Square LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,447 shares of the company’s stock, valued at approximately $266,000.

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.