Sovereign Financial Group Inc. Cuts Holdings in VictoryShares US Multi-Factor Minimum Volatility ETF $VSMV

Sovereign Financial Group Inc. trimmed its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,093 shares of the company’s stock after selling 969 shares during the period. Sovereign Financial Group Inc. owned approximately 1.25% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $1,385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Lindenwold Advisors INC lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% during the 2nd quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock valued at $259,000 after buying an additional 676 shares during the period. One Degree Advisors Inc lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% during the 2nd quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock valued at $615,000 after buying an additional 355 shares during the period. LPL Financial LLC lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% during the 1st quarter. LPL Financial LLC now owns 89,703 shares of the company’s stock valued at $4,344,000 after buying an additional 1,053 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after buying an additional 503 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ VSMV opened at $52.79 on Friday. The business’s fifty day moving average price is $52.08 and its 200-day moving average price is $49.65. The stock has a market capitalization of $124.06 million, a price-to-earnings ratio of 18.64 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $43.33 and a 1-year high of $54.27.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, October 9th were issued a dividend of $0.0657 per share. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, October 9th.

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.