VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 12-Month High – Still a Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $105.01 and last traded at $104.97, with a volume of 3087 shares traded. The stock had previously closed at $103.57.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The company’s 50-day moving average price is $99.61 and its 200 day moving average price is $96.31. The stock has a market cap of $1.60 billion, a PE ratio of 15.38 and a beta of 1.01.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.0358 dividend. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, May 8th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Nova Wealth Management Inc. grew its holdings in 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 buying an additional 222 shares in the last quarter. JPMorgan Chase & Co. boosted its position 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 acquiring an additional 3,835 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at $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.