VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 1-Year High – Here’s What Happened

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $110.64 and last traded at $110.64, with a volume of 3413 shares changing hands. The stock had previously closed at $109.29.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock has a market cap of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.98. The stock has a 50-day moving average price of $105.90 and a 200-day moving average price of $100.29.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, July 9th. This is an increase 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

Several hedge funds have recently added to or reduced their stakes in the company. Nova Wealth Management Inc. increased its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th 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 last quarter. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 3,835 shares in the last quarter. Finally, Strive Financial Group LLC bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter 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.