VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading 0.1% Higher – What’s Next?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)’s share price traded up 0.1% during trading on Thursday . The stock traded as high as $57.21 and last traded at $57.1850. 8,747 shares traded hands during trading, an increase of 81% from the average session volume of 4,824 shares. The stock had previously closed at $57.12.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Down 0.2%

The company has a market capitalization of $165.57 million, a PE ratio of 18.64 and a beta of 0.74. The stock has a 50-day moving average of $55.79 and a 200 day moving average of $53.48.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were paid a $0.0241 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) dividend on an annualized basis and a yield of 0.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VSMV. Tower Wealth Partners Inc. grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.1% during the 2nd quarter. Tower Wealth Partners Inc. now owns 413,027 shares of the company’s stock worth $20,356,000 after acquiring an additional 8,602 shares during the period. Great Valley Advisor Group Inc. raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 31.3% during the second quarter. Great Valley Advisor Group Inc. now owns 436,548 shares of the company’s stock valued at $21,515,000 after buying an additional 103,979 shares during the last quarter. Lindenwold Advisors INC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% in the 2nd quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock worth $259,000 after purchasing an additional 676 shares in the last quarter. One Degree Advisors Inc raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% in the 2nd quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock worth $615,000 after acquiring an additional 355 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter worth $572,000.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.