VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 12-Month High – Here’s What Happened

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $98.74 and last traded at $98.4660, with a volume of 1352 shares traded. The stock had previously closed at $97.85.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The company has a 50 day moving average of $94.34 and a 200 day moving average of $90.54. The stock has a market capitalization of $1.41 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 declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were given a $0.0623 dividend. The ex-dividend date was Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Nova Wealth Management Inc. raised its stake in 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 worth $403,000 after purchasing an additional 222 shares during the period. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 3,835 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter valued at $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.