VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Should You Buy?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high on Wednesday . The company traded as high as $110.81 and last traded at $110.81, with a volume of 1144 shares. The stock had previously closed at $110.56.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.1%

The company’s 50-day moving average is $106.46 and its two-hundred day moving average is $100.80. The stock has a market capitalization of $1.77 billion, a P/E ratio of 15.38 and a beta of 0.98.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.3027 per share. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Thursday, July 9th.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USVM. Strive Financial Group LLC bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at $39,000. JPMorgan Chase & Co. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after purchasing an additional 222 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.