VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High – Time to Buy?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $108.93 and last traded at $108.78, with a volume of 3078 shares trading hands. The stock had previously closed at $107.84.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The stock’s fifty day simple moving average is $102.77 and its 200-day simple moving average is $97.91. The company has a market capitalization of $1.63 billion, a P/E ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a $0.1824 dividend. The ex-dividend date was Tuesday, June 9th. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a dividend yield of 2.0%.

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

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position 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 purchasing an additional 3,835 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter worth approximately $39,000. Finally, Nova Wealth Management Inc. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying an additional 222 shares in the last quarter.

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.