VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $110.64 and last traded at $110.64, with a volume of 3413 shares trading hands. The stock had previously closed at $109.29.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 1.1%

The firm has a market cap of $1.76 billion, a PE ratio of 15.38 and a beta of 0.98. The company has a 50-day simple moving average of $105.90 and a two-hundred day simple moving average of $100.29.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.3027 per share. The ex-dividend date was Thursday, July 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Several institutional investors have recently added to or reduced their stakes in USVM. Nova Wealth Management Inc. increased its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after purchasing an additional 222 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter worth $39,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third 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 period.

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.