Tower Wealth Partners Inc. Buys 8,602 Shares of VictoryShares US Multi-Factor Minimum Volatility ETF $VSMV

Tower Wealth Partners Inc. grew its stake in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,027 shares of the company’s stock after acquiring an additional 8,602 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF accounts for 12.0% of Tower Wealth Partners Inc.’s holdings, making the stock its biggest position. Tower Wealth Partners Inc. owned 18.36% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $20,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of VSMV. Lindenwold Advisors INC increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% in the 2nd quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock valued at $259,000 after acquiring an additional 676 shares during the last quarter. One Degree Advisors Inc increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% in the 2nd quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock valued at $615,000 after acquiring an additional 355 shares during the last quarter. LPL Financial LLC increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% in the 1st quarter. LPL Financial LLC now owns 89,703 shares of the company’s stock valued at $4,344,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after acquiring an additional 503 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VSMV stock opened at $53.25 on Thursday. The stock has a market cap of $125.14 million, a PE ratio of 18.64 and a beta of 0.79. The stock has a 50-day moving average of $52.31 and a 200-day moving average of $49.75. VictoryShares US Multi-Factor Minimum Volatility ETF has a one year low of $43.33 and a one year high of $54.27.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 10th. Investors of record on Thursday, October 9th were given a $0.0657 dividend. The ex-dividend date was Thursday, October 9th. This represents a c) annualized dividend and a dividend yield of 1.5%.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.