VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading Down 0.3% – Should You Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) traded down 0.3% during mid-day trading on Thursday . The company traded as low as $57.84 and last traded at $57.9350. 2,746 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 6,744 shares. The stock had previously closed at $58.13.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Down 0.3%

The company has a market capitalization of $165.11 million, a price-to-earnings ratio of 18.64 and a beta of 0.74. The business has a 50-day moving average price of $56.63 and a 200-day moving average price of $54.27.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 9th were paid a dividend of $0.0332 per share. This is a boost from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, February 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Great Valley Advisor Group Inc. raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock valued at $47,792,000 after acquiring an additional 274,980 shares during the period. Tower Wealth Partners Inc. raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 417,579 shares of the company’s stock valued at $23,078,000 after purchasing an additional 1,703 shares during the period. Goldman Sachs Group Inc. raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock valued at $12,350,000 after purchasing an additional 217,521 shares during the period. Royal Bank of Canada lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after purchasing an additional 503 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% in the second quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after buying an additional 822 shares during the period.

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.