VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading 0.4% Higher – What’s Next?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shot up 0.4% on Friday . The company traded as high as $54.72 and last traded at $54.7050. 14,626 shares were traded during mid-day trading, an increase of 52% from the average session volume of 9,620 shares. The stock had previously closed at $54.50.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.4%

The stock’s 50-day moving average price is $53.73 and its 200-day moving average price is $51.31. The company has a market capitalization of $128.56 million, a price-to-earnings ratio of 18.64 and a beta of 0.74.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Friday, November 7th were given a $0.0263 dividend. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, November 7th.

Hedge Funds Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several hedge funds have recently added to or reduced their stakes in the company. Valley Financial Group Inc. bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth about $206,000. Lindenwold Advisors INC lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% in the second quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock valued at $259,000 after buying an additional 676 shares during the period. One Degree Advisors Inc boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% in the second quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock valued at $615,000 after acquiring an additional 355 shares during the last quarter. Two Sigma Investments LP grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 7.1% during the 3rd quarter. Two Sigma Investments LP now owns 12,100 shares of the company’s stock worth $649,000 after acquiring an additional 800 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.9% during the 3rd quarter. Citadel Advisors LLC now owns 29,398 shares of the company’s stock valued at $1,577,000 after acquiring an additional 2,410 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.