VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 52-Week High – Time to Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $110.84 and last traded at $110.06, with a volume of 52956 shares trading hands. The stock had previously closed at $109.83.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.2%

The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The stock has a 50-day moving average of $107.14 and a 200-day moving average of $101.28.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a $0.3027 dividend. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Thursday, July 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 worth $403,000 after acquiring an additional 222 shares during the last quarter. JPMorgan Chase & Co. grew 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 valued at $357,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at about $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.