VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading Up 0.3%

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) were up 0.3% on Tuesday . The company traded as high as $45.81 and last traded at $45.37. Approximately 1,596 shares changed hands during trading, a decline of 83% from the average daily volume of 9,537 shares. The stock had previously closed at $45.22.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.3 %

The company has a market cap of $131.57 million, a PE ratio of 18.68 and a beta of 0.79. The business’s 50 day moving average price is $45.75 and its 200-day moving average price is $44.62.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, July 11th. Stockholders of record on Wednesday, July 10th were paid a dividend of $0.0429 per share. The ex-dividend date was Wednesday, July 10th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.14%.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at approximately $1,378,000. Atria Wealth Solutions Inc. raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 6.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,692 shares of the company’s stock worth $366,000 after purchasing an additional 495 shares during the period. Great Valley Advisor Group Inc. bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter worth about $7,465,000. Sykon Capital LLC acquired a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at about $11,097,000. Finally, Sovereign Financial Group Inc. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at about $535,000.

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.