VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Large Volume Increase – Should You Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares saw strong trading volume on Wednesday . 502,714 shares changed hands during mid-day trading, an increase of 549% from the previous session’s volume of 77,503 shares.The stock last traded at $96.8770 and had previously closed at $95.81.

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

The firm has a 50 day moving average of $92.82 and a 200 day moving average of $89.66. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0623 dividend. The ex-dividend date was Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 0.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of USVM. Nova Wealth Management Inc. raised its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares during the period. Bessemer Group Inc. bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at about $94,000. Finally, JPMorgan Chase & Co. increased its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after buying an additional 3,835 shares in the last quarter.

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.