VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $104.62 and last traded at $104.39, with a volume of 46722 shares traded. The stock had previously closed at $103.64.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.7%

The stock has a market capitalization of $1.59 billion, a PE ratio of 15.38 and a beta of 1.01. The company has a 50-day moving average of $97.76 and a 200 day moving average of $94.91.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were given a dividend of $0.2067 per share. The ex-dividend date was Thursday, April 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 2.4%.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several large investors have recently made changes to their positions in the company. Strive Financial Group LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter worth approximately $39,000. Nova Wealth Management Inc. increased its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring an additional 222 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares during 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.