VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Up 0.4% – Here’s What Happened

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shares shot up 0.4% on Friday . The company traded as high as $54.72 and last traded at $54.7050. 14,626 shares changed hands during mid-day trading, an increase of 52% from the average session volume of 9,620 shares. The stock had previously closed at $54.50.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

The firm has a market cap of $128.56 million, a price-to-earnings ratio of 18.64 and a beta of 0.74. The business has a fifty day moving average of $53.73 and a two-hundred day moving average of $51.29.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, November 7th were issued a $0.0263 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a c) annualized dividend and a yield of 0.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP boosted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 353.3% in the 3rd quarter. Susquehanna International Group LLP now owns 32,191 shares of the company’s stock worth $1,727,000 after buying an additional 25,089 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.9% in the third quarter. Citadel Advisors LLC now owns 29,398 shares of the company’s stock valued at $1,577,000 after purchasing an additional 2,410 shares in the last quarter. Valley Financial Group Inc. acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter valued at approximately $206,000. Two Sigma Investments LP increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after purchasing an additional 800 shares in the last quarter. Finally, Tower Wealth Partners Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.7% during the 3rd quarter. Tower Wealth Partners Inc. now owns 415,876 shares of the company’s stock worth $22,316,000 after purchasing an additional 2,849 shares during the last quarter.

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.