VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 1-Year High – What’s Next?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $105.01 and last traded at $104.97, with a volume of 3087 shares. The stock had previously closed at $103.57.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 1.4%

The company has a market cap of $1.60 billion, a price-to-earnings ratio of 15.38 and a beta of 1.01. The firm has a 50-day moving average price of $99.14 and a 200 day moving average price of $96.08.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were given a $0.0358 dividend. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 0.4%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in USVM. JPMorgan Chase & Co. grew its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares in the last quarter. Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth approximately $39,000. Finally, Nova Wealth Management Inc. grew its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring 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.