VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $111.23 and last traded at $111.23, with a volume of 2145 shares trading hands. The stock had previously closed at $110.65.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The business’s 50-day simple moving average is $107.87 and its two-hundred day simple moving average is $101.80. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

An institutional investor recently bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF stock. Strive Financial Group LLC purchased a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 424 shares of the company’s stock, valued at approximately $39,000.

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.