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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $103.34 and last traded at $102.81, with a volume of 2845 shares. The stock had previously closed at $101.46.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock has a market capitalization of $1.56 billion, a P/E ratio of 15.38 and a beta of 1.01. The stock has a 50 day moving average of $97.55 and a 200 day moving average of $94.64.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were given a dividend of $0.2067 per share. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, April 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nova Wealth Management Inc. increased 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 valued at $403,000 after purchasing an additional 222 shares during the period. JPMorgan Chase & Co. increased its position 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 valued at $357,000 after acquiring an additional 3,835 shares during the period. Finally, 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.

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.