VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High – Time to 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 Wednesday . The stock traded as high as $110.23 and last traded at $109.83, with a volume of 25491 shares trading hands. The stock had previously closed at $109.81.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 0.7%

The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The firm has a 50-day moving average of $104.85 and a two-hundred day moving average of $99.28.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Nova Wealth Management Inc. raised its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after acquiring an additional 222 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd 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, Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter worth approximately $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.