VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading Down 0% – Time to Sell?

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shares traded down 0% during mid-day trading on Wednesday . The company traded as low as $61.35 and last traded at $61.38. 1,733 shares were traded during mid-day trading, a decline of 69% from the average session volume of 5,601 shares. The stock had previously closed at $61.39.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Down 0.0%

The business’s fifty day simple moving average is $60.29 and its two-hundred day simple moving average is $59.14. The company has a market cap of $159.59 million, a price-to-earnings ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a $0.0298 dividend. The ex-dividend date was Friday, August 7th.

Institutional Investors Weigh In On VictoryShares US Multi-Factor Minimum Volatility ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at $64,000. Global Retirement Partners LLC boosted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after acquiring an additional 226 shares in the last quarter. Valley Financial Group Inc. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter worth about $206,000. Truist Financial Corp grew its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% during the fourth quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock worth $460,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the second quarter worth about $542,000.

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.