VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Issue Monthly Dividend of $0.10 on March 11th

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Monday, March 9th, NASDAQ Dividends reports. Stockholders of record on Tuesday, March 10th will be paid a dividend of 0.1005 per share on Wednesday, March 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 202.5% increase from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.03.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ VSMV opened at $57.56 on Wednesday. The firm has a market cap of $164.05 million, a price-to-earnings ratio of 18.64 and a beta of 0.74. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $43.33 and a 1 year high of $58.93. The company has a fifty day moving average price of $57.38 and a 200-day moving average price of $55.04.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Great Valley Advisor Group Inc. raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the 4th quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after acquiring an additional 274,980 shares during the last quarter. Tower Wealth Partners Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 417,579 shares of the company’s stock valued at $23,078,000 after purchasing an additional 1,703 shares during the period. Goldman Sachs Group Inc. boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after purchasing an additional 217,521 shares during the period. Royal Bank of Canada raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after buying an additional 503 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the second quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock valued at $2,594,000 after purchasing an additional 822 shares during the period.

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.