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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares saw an uptick in trading volume on Wednesday . 502,714 shares changed 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 company has a market capitalization of $1.28 billion, a PE ratio of 15.38 and a beta of 1.04. The business has a fifty day moving average price of $92.34 and a 200 day moving average price of $89.46.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were given a dividend of $0.0623 per share. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, January 8th.

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

Several large investors have recently made changes to their positions in the business. Bessemer Group Inc. acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 2nd quarter valued at $94,000. JPMorgan Chase & Co. lifted 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 worth $357,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. boosted its position in shares of 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 worth $379,000 after buying an additional 1,920 shares during the period.

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.