VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Hits New 52-Week High – What’s Next?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during trading on Tuesday . The stock traded as high as $105.95 and last traded at $105.95, with a volume of 1512 shares traded. The stock had previously closed at $104.65.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.0%

The stock has a market capitalization of $1.59 billion, a PE ratio of 15.38 and a beta of 0.99. The company’s 50 day simple moving average is $101.31 and its 200 day simple moving average is $97.18.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were issued a $0.0358 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Friday, May 8th.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of hedge funds have recently made changes to their positions in the stock. Nova Wealth Management Inc. boosted its holdings 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 valued at $403,000 after purchasing an additional 222 shares during 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 valued at $39,000. Finally, JPMorgan Chase & Co. boosted its holdings 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 valued at $357,000 after purchasing an additional 3,835 shares during the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.