VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High Following Dividend Announcement

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s share price hit a new 52-week high during mid-day trading on Tuesday following a dividend announcement from the company. The company traded as high as $105.95 and last traded at $105.95, with a volume of 1512 shares traded. The stock had previously closed at $104.65.

The newly announced dividend which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued a dividend of $0.1824 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, June 9th. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The firm has a market cap of $1.59 billion, a PE ratio of 15.38 and a beta of 0.99. The stock has a fifty day moving average price of $101.80 and a 200-day moving average price of $97.43.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd 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. Finally, Nova Wealth Management Inc. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring an additional 222 shares during the period.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.