VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 12-Month High – What’s Next?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.57 and last traded at $101.43, with a volume of 2841 shares changing hands. The stock had previously closed at $100.18.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 2.6%

The firm has a market cap of $1.55 billion, a PE ratio of 15.38 and a beta of 1.01. The company has a 50-day simple moving average of $97.04 and a two-hundred day simple moving average of $93.81.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were given a $0.2067 dividend. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, April 9th.

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

Several large investors have recently modified their holdings of USVM. Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. grew its stake in 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. Finally, Nova Wealth Management Inc. grew 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 in the last quarter.

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.