VictoryShares US Value Momentum ETF $ULVM Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of VictoryShares US Value Momentum ETF (NASDAQ:ULVM) by 0.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,609,121 shares of the company’s stock after purchasing an additional 10,000 shares during the quarter. Victory Capital Management Inc. owned about 0.78% of VictoryShares US Value Momentum ETF worth $145,715,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in VictoryShares US Value Momentum ETF during the second quarter worth $1,783,000. Manchester Financial Inc. lifted its stake in shares of VictoryShares US Value Momentum ETF by 31.1% in the 3rd quarter. Manchester Financial Inc. now owns 17,783 shares of the company’s stock valued at $1,610,000 after purchasing an additional 4,217 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new position in shares of VictoryShares US Value Momentum ETF in the 3rd quarter valued at $35,000.

VictoryShares US Value Momentum ETF Price Performance

Shares of ULVM stock opened at $98.70 on Wednesday. The firm has a market cap of $236.88 million, a PE ratio of 17.39 and a beta of 0.92. The company has a 50-day moving average of $96.08 and a two-hundred day moving average of $92.01. VictoryShares US Value Momentum ETF has a 1-year low of $69.72 and a 1-year high of $100.16.

VictoryShares US Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 9th were paid a dividend of $0.0764 per share. This represents a c) dividend on an annualized basis and a yield of 0.9%. This is a positive change from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.02. The ex-dividend date was Monday, February 9th.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.