VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Down 0.2% – Here’s Why

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shares traded down 0.2% on Monday . The stock traded as low as $59.46 and last traded at $59.60. Approximately 5,424 shares changed hands during trading, a decline of 8% from the average daily volume of 5,872 shares. The stock had previously closed at $59.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

The business’s fifty day moving average price is $59.83 and its 200-day moving average price is $58.58. The stock has a market capitalization of $154.96 million, a PE ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a dividend of $0.0591 per share. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VSMV. Rockefeller Capital Management L.P. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $64,000. Great Valley Advisor Group Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after buying an additional 274,980 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after buying an additional 217,521 shares in the last quarter. Global Retirement Partners LLC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after buying an additional 226 shares during the period. Finally, Truist Financial Corp boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after buying an additional 2,262 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.