VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Announces $0.07 Monthly Dividend

VictoryShares US Value Momentum ETF (NASDAQ:ULVMGet Free Report) announced a monthly dividend on Thursday, November 6th. Investors of record on Friday, November 7th will be given a dividend of 0.0718 per share on Monday, November 10th. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, November 7th.

VictoryShares US Value Momentum ETF Price Performance

NASDAQ ULVM traded down $0.31 during trading hours on Friday, hitting $89.14. The company’s stock had a trading volume of 298 shares, compared to its average volume of 2,036. VictoryShares US Value Momentum ETF has a 12 month low of $69.72 and a 12 month high of $90.82. The company’s 50 day simple moving average is $89.40 and its two-hundred day simple moving average is $85.53. The company has a market cap of $182.74 million, a P/E ratio of 17.39 and a beta of 0.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manchester Financial Inc. grew its position in VictoryShares US Value Momentum ETF by 93.6% in the 2nd quarter. Manchester Financial Inc. now owns 13,566 shares of the company’s stock worth $1,155,000 after purchasing an additional 6,559 shares during the period. Cetera Investment Advisers bought a new position in shares of VictoryShares US Value Momentum ETF during the 2nd quarter valued at $1,783,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of VictoryShares US Value Momentum ETF in the 3rd quarter worth $35,000.

VictoryShares US Value Momentum ETF Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for VictoryShares US Value Momentum ETF (NASDAQ:ULVM)

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