VictoryShares US Value Momentum ETF (NASDAQ:ULVM) to Issue $0.08 Monthly Dividend

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) announced a monthly dividend on Thursday, August 6th, NASDAQ Dividends reports. Shareholders of record on Friday, August 7th will be given a dividend of 0.0846 per share on Monday, August 10th. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date is Friday, August 7th.

VictoryShares US Value Momentum ETF Stock Up 0.3%

Shares of ULVM traded up $0.28 during trading on Friday, reaching $109.71. The company’s stock had a trading volume of 659 shares, compared to its average volume of 2,799. The company has a fifty day moving average of $106.65 and a two-hundred day moving average of $101.30. VictoryShares US Value Momentum ETF has a twelve month low of $85.44 and a twelve month high of $110.44. The company has a market cap of $268.79 million, a price-to-earnings ratio of 17.39 and a beta of 0.87.

Institutional Trading of VictoryShares US Value Momentum ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. World Investment Advisors acquired a new stake in VictoryShares US Value Momentum ETF in the first quarter valued at $616,000. Manchester Financial Inc. grew its holdings in VictoryShares US Value Momentum ETF by 4.1% during the 4th quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock worth $1,692,000 after acquiring an additional 737 shares in the last quarter. Bank of America Corp DE grew its holdings in VictoryShares US Value Momentum ETF by 2,513.3% during the 3rd quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after acquiring an additional 22,117 shares in the last quarter. Cetera Investment Advisers increased its position in shares of VictoryShares US Value Momentum ETF by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock worth $2,086,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of VictoryShares US Value Momentum ETF by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock worth $169,717,000 after purchasing an additional 248,284 shares during the last quarter.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.