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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) shares saw unusually-strong trading volume on Thursday. 178,882 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 59,927 shares. The stock last traded at $103.5560 and had previously closed at $103.02.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 0.6%

The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 15.38 and a beta of 1.00. The firm’s 50 day moving average is $107.05 and its 200 day moving average is $105.71.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a $0.2459 dividend. This represents a $2.95 annualized dividend and a dividend yield of 2.9%. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.1882. The ex-dividend date of this dividend was Thursday, October 8th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Capital Square LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,447 shares of the company’s stock, valued at approximately $266,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

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.

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