VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 52-Week High – What’s Next?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $93.89 and last traded at $94.0010, with a volume of 18083 shares. The stock had previously closed at $93.43.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 1.4%

The firm has a market capitalization of $1.24 billion, a PE ratio of 15.38 and a beta of 1.04. The business has a 50-day moving average price of $91.21 and a 200-day moving average price of $88.72.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 9th. Shareholders of record on Thursday, January 8th will be paid a $0.0623 dividend. The ex-dividend date of this dividend is Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares during the last quarter. Nova Wealth Management Inc. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after buying an additional 1,920 shares during the period. Finally, Bessemer Group Inc. acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 2nd quarter worth approximately $94,000.

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.