VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Declares Monthly Dividend of $0.26

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 9th will be paid a dividend of 0.2602 per share on Thursday, September 10th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Wednesday, September 9th. This is a 207.5% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08.

VictoryShares US Value Momentum ETF Stock Down 0.7%

ULVM stock opened at $108.05 on Wednesday. The firm has a market capitalization of $264.72 million, a PE ratio of 17.39 and a beta of 0.86. VictoryShares US Value Momentum ETF has a twelve month low of $88.01 and a twelve month high of $111.41. The stock’s 50 day moving average is $108.62 and its 200-day moving average is $103.33.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. World Investment Advisors bought a new position in shares of VictoryShares US Value Momentum ETF during the 1st quarter valued at approximately $616,000. Manchester Financial Inc. boosted its position in VictoryShares US Value Momentum ETF by 4.1% during the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock worth $1,692,000 after purchasing an additional 737 shares during the period. Citadel Advisors LLC boosted its position in VictoryShares US Value Momentum ETF by 5.0% during the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock worth $1,791,000 after purchasing an additional 806 shares during the period. Bank of America Corp DE increased its stake in shares of VictoryShares US Value Momentum ETF by 2,513.3% in the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after purchasing an additional 22,117 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of VictoryShares US Value Momentum ETF by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after purchasing an additional 1,860 shares during the period.

About VictoryShares US Value Momentum ETF

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.