VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Plans Monthly Dividend of $0.24

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Investors of record on Tuesday, June 9th will be paid a dividend of 0.2373 per share on Wednesday, June 10th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, June 9th. This is a 633.8% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.03.

VictoryShares US Value Momentum ETF Stock Performance

NASDAQ ULVM traded up $0.41 on Tuesday, reaching $104.27. The company had a trading volume of 1,488 shares, compared to its average volume of 2,894. The firm has a market capitalization of $255.46 million, a price-to-earnings ratio of 17.39 and a beta of 0.87. VictoryShares US Value Momentum ETF has a 1-year low of $82.01 and a 1-year high of $105.17. The company’s fifty day moving average is $100.56 and its 200-day moving average is $96.80.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULVM. World Investment Advisors acquired a new stake in VictoryShares US Value Momentum ETF in the 1st quarter valued at $616,000. Manchester Financial Inc. increased its stake in VictoryShares US Value Momentum ETF by 4.1% in the 4th quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock valued at $1,692,000 after buying an additional 737 shares during the last quarter. Bank of America Corp DE increased its stake in VictoryShares US Value Momentum ETF by 2,513.3% in the 3rd quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock valued at $2,083,000 after buying an additional 22,117 shares during the last quarter. Cetera Investment Advisers increased its stake in VictoryShares US Value Momentum ETF by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after buying an additional 1,860 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in VictoryShares US Value Momentum ETF by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock valued at $145,715,000 after buying an additional 10,000 shares during the last quarter.

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.