VictoryShares US Value Momentum ETF Plans Monthly Dividend of $0.03 (NASDAQ:ULVM)

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) declared a monthly dividend on Thursday, May 7th, NASDAQ Dividends reports. Investors of record on Friday, May 8th will be given a dividend of 0.0323 per share on Monday, May 11th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, May 8th.

VictoryShares US Value Momentum ETF Stock Performance

VictoryShares US Value Momentum ETF stock traded up $0.54 during trading on Friday, hitting $101.59. The company’s stock had a trading volume of 2,041 shares, compared to its average volume of 3,195. The stock has a market capitalization of $248.90 million, a price-to-earnings ratio of 17.39 and a beta of 0.88. The stock’s fifty day moving average is $97.93 and its 200 day moving average is $94.81. VictoryShares US Value Momentum ETF has a 1-year low of $79.66 and a 1-year high of $102.16.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in VictoryShares US Value Momentum ETF by 0.6% during the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock worth $145,715,000 after acquiring an additional 10,000 shares during the last quarter. Cetera Investment Advisers increased its stake in VictoryShares US Value Momentum ETF by 8.9% during the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock worth $2,086,000 after acquiring an additional 1,860 shares during the last quarter. Bank of America Corp DE increased its stake in VictoryShares US Value Momentum ETF by 2,513.3% during the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after acquiring an additional 22,117 shares during the last quarter. World Investment Advisors acquired a new stake in VictoryShares US Value Momentum ETF during the first quarter worth about $616,000. Finally, Manchester Financial Inc. increased its stake in VictoryShares US Value Momentum ETF by 2.5% during the first quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock worth $1,813,000 after acquiring an additional 469 shares during the last quarter.

About VictoryShares US Value Momentum ETF

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.