VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Down 0.2% – Should You Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) traded down 0.2% on Monday . The company traded as low as $59.46 and last traded at $59.60. Approximately 5,424 shares were traded during mid-day trading, a decline of 8% from the average session volume of 5,872 shares. The stock had previously closed at $59.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

The business’s 50 day simple moving average is $59.83 and its 200 day simple moving average is $58.61. The stock has a market cap of $156.39 million, a P/E ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.0591 per share. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, July 9th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Several institutional investors have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after acquiring an additional 226 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% in the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after purchasing an additional 503 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% in the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% in the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock worth $2,594,000 after purchasing an additional 822 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter worth about $64,000.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.