VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Declares Monthly Dividend of $0.26

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Tuesday, September 8th. Stockholders of record on Wednesday, September 9th will be paid a dividend of 0.2602 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a 207.5% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08.

VictoryShares US Value Momentum ETF Price Performance

Shares of NASDAQ:ULVM opened at $108.05 on Wednesday. VictoryShares US Value Momentum ETF has a 12 month low of $88.01 and a 12 month high of $111.41. The stock has a market cap of $264.72 million, a price-to-earnings ratio of 17.39 and a beta of 0.86. The stock’s 50 day moving average price is $108.62 and its 200 day moving average price is $103.33.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors purchased a new stake in VictoryShares US Value Momentum ETF in the 1st quarter worth about $616,000. Manchester Financial Inc. grew its stake in VictoryShares US Value Momentum ETF by 4.1% during the 4th quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock valued at $1,692,000 after acquiring an additional 737 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of VictoryShares US Value Momentum ETF by 5.0% in the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock worth $1,791,000 after purchasing an additional 806 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of VictoryShares US Value Momentum ETF by 2,513.3% during the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after purchasing an additional 22,117 shares during the period. Finally, Cetera Investment Advisers grew its position in VictoryShares US Value Momentum ETF by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after purchasing an additional 1,860 shares in the last quarter.

About VictoryShares US Value Momentum ETF

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.