VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Shares Up 0.1% – Time to Buy?

VictoryShares US Value Momentum ETF (NASDAQ:ULVM)’s stock price were up 0.1% on Thursday . The stock traded as high as $95.49 and last traded at $95.42. Approximately 31,476 shares changed hands during trading, an increase of 266% from the average daily volume of 8,604 shares. The stock had previously closed at $95.31.

VictoryShares US Value Momentum ETF Trading Down 0.3%

The firm has a 50 day simple moving average of $92.96 and a 200 day simple moving average of $89.96. The firm has a market capitalization of $223.67 million, a PE ratio of 17.39 and a beta of 0.92.

VictoryShares US Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were given a dividend of $0.0226 per share. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, January 8th.

Hedge Funds Weigh In On VictoryShares US Value Momentum ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. bought a new position in VictoryShares US Value Momentum ETF in the 3rd quarter worth $35,000. Manchester Financial Inc. grew its stake in shares of 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 buying an additional 6,559 shares in the last quarter. Cetera Investment Advisers purchased a new position in VictoryShares US Value Momentum ETF in the second quarter worth about $1,783,000. Bank of America Corp DE increased its position in shares of VictoryShares US Value Momentum ETF by 2,513.3% during the 3rd quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock valued at $2,083,000 after purchasing an additional 22,117 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of VictoryShares US Value Momentum ETF by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock valued at $145,715,000 after acquiring an additional 10,000 shares during the period.

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.