VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Stock Price Down 0.2% – Time to Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)’s share price dropped 0.2% during mid-day trading on Monday . The stock traded as low as $59.46 and last traded at $59.60. Approximately 5,424 shares traded hands during trading, a decline of 8% from the average daily volume of 5,872 shares. The stock had previously closed at $59.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

The company has a market capitalization of $154.96 million, a P/E ratio of 18.64 and a beta of 0.69. The stock has a 50 day moving average price of $59.83 and a 200 day moving average price of $58.58.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a dividend of $0.0591 per share. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Thursday, July 9th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 46.6% in the fourth quarter. Great Valley Advisor Group Inc. now owns 864,751 shares of the company’s stock valued at $47,792,000 after purchasing an additional 274,980 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 3,665.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 223,455 shares of the company’s stock valued at $12,350,000 after purchasing an additional 217,521 shares during the period. Susquehanna International Group LLP lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 353.3% during the 3rd quarter. Susquehanna International Group LLP now owns 32,191 shares of the company’s stock worth $1,727,000 after purchasing an additional 25,089 shares in the last quarter. Valley Financial Group Inc. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth about $206,000. Finally, Citadel Advisors LLC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.9% in the 3rd quarter. Citadel Advisors LLC now owns 29,398 shares of the company’s stock worth $1,577,000 after purchasing an additional 2,410 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.