VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) to Issue $0.04 Monthly Dividend

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) declared a monthly dividend on Thursday, May 7th, NASDAQ Dividends reports. Investors of record on Friday, May 8th will be given a dividend of 0.0355 per share on Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, May 8th.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

NASDAQ VSMV traded up $0.28 on Friday, hitting $59.54. 19,230 shares of the stock were exchanged, compared to its average volume of 6,967. The stock has a fifty day moving average price of $57.67 and a two-hundred day moving average price of $56.36. The firm has a market capitalization of $154.80 million, a P/E ratio of 18.64 and a beta of 0.69. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52-week low of $47.64 and a 52-week high of $59.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth $64,000. Great Valley Advisor Group Inc. boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock worth $47,792,000 after buying an additional 274,980 shares during the period. Goldman Sachs Group Inc. boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock worth $12,350,000 after buying an additional 217,521 shares during the period. Global Retirement Partners LLC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock worth $161,000 after buying an additional 226 shares during the period. Finally, Truist Financial Corp lifted its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares during the last quarter.

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.