VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 1-Year High – Here’s What Happened

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $110.84 and last traded at $110.06, with a volume of 52956 shares traded. The stock had previously closed at $109.83.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.2%

The stock has a market cap of $1.77 billion, a P/E ratio of 15.38 and a beta of 0.98. The firm’s 50-day moving average is $107.14 and its two-hundred day moving average is $101.28.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a $0.3027 dividend. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date was Thursday, July 9th.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. grew its stake 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 during the last quarter. Finally, Nova Wealth Management Inc. grew its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after buying an additional 222 shares during 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.