Tower Wealth Partners Inc. Has $19.59 Million Position in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Tower Wealth Partners Inc. boosted its position in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404,425 shares of the company’s stock after purchasing an additional 1,135 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF makes up 10.5% of Tower Wealth Partners Inc.’s portfolio, making the stock its biggest position. Tower Wealth Partners Inc. owned approximately 17.58% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $19,586,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the first quarter worth $107,000. Legacy Solutions LLC bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at $299,000. Cetera Investment Advisers increased its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 15.8% during the fourth quarter. Cetera Investment Advisers now owns 6,667 shares of the company’s stock valued at $320,000 after acquiring an additional 912 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at $496,000. Finally, Two Sigma Investments LP increased its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 89.2% during the fourth quarter. Two Sigma Investments LP now owns 19,300 shares of the company’s stock valued at $927,000 after acquiring an additional 9,100 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of NASDAQ:VSMV opened at $49.24 on Friday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $43.33 and a 1-year high of $50.71. The business has a fifty day moving average price of $47.60 and a 200-day moving average price of $48.48. The company has a market capitalization of $113.25 million, a PE ratio of 21.70 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.0227 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.27 annualized dividend and a dividend yield of 0.55%.

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.