VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Strong Trading Volume – Time to Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw unusually-strong trading volume on Wednesday . Approximately 502,714 shares traded hands during trading, an increase of 549% from the previous session’s volume of 77,503 shares.The stock last traded at $96.8770 and had previously closed at $95.81.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock has a fifty day simple moving average of $92.34 and a two-hundred day simple moving average of $89.46. The stock has a market cap of $1.28 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0623 dividend. The ex-dividend date was Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 0.8%.

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

A number of institutional investors have recently added to or reduced their stakes in USVM. JPMorgan Chase & Co. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third 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 in the last quarter. Nova Wealth Management Inc. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the third quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after purchasing an additional 1,920 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter valued at about $94,000.

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.