VictoryShares US Small Mid Cap Value Momentum ETF Plans Monthly Dividend of $0.04 (NASDAQ:USVM)

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) declared a monthly dividend on Thursday, May 7th, NASDAQ Dividends reports. Stockholders of record on Friday, May 8th will be paid a dividend of 0.0358 per share on Monday, May 11th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, May 8th.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.5%

Shares of USVM stock traded up $0.56 during mid-day trading on Friday, reaching $103.87. The company’s stock had a trading volume of 62,176 shares, compared to its average volume of 79,268. The company’s 50 day simple moving average is $97.85 and its 200-day simple moving average is $95.01. The firm has a market capitalization of $1.58 billion, a PE ratio of 15.38 and a beta of 1.01. VictoryShares US Small Mid Cap Value Momentum ETF has a 12-month low of $78.64 and a 12-month high of $104.63.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Large investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at $39,000. JPMorgan Chase & Co. grew its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after purchasing an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares in the last quarter.

About VictoryShares US Small Mid Cap Value Momentum ETF

The VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index of small- and mid-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. USVM was launched on Oct 24, 2017 and is managed by VictoryShares.