VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Announces Dividend Increase – $0.24 Per Share

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Investors of record on Tuesday, June 9th will be given a dividend of 0.2373 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, June 9th. This is a 633.8% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.03.

VictoryShares US Value Momentum ETF Stock Up 0.4%

Shares of NASDAQ:ULVM traded up $0.41 during midday trading on Tuesday, hitting $104.27. The stock had a trading volume of 1,488 shares, compared to its average volume of 2,894. VictoryShares US Value Momentum ETF has a 12 month low of $82.01 and a 12 month high of $105.17. The business’s 50-day simple moving average is $100.56 and its 200-day simple moving average is $96.80. The company has a market cap of $255.46 million, a P/E ratio of 17.39 and a beta of 0.87.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.