VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) to Distribute Monthly Dividend of $0.03 on November 9th

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Friday, November 6th will be given a dividend of $0.0347 per share on Monday, November 9th. This represents a $0.42 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, November 6th. This is a 53.1% decrease from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.0740.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VSMV opened at $60.52 on Friday. The firm has a 50-day simple moving average of $61.06 and a two-hundred day simple moving average of $59.44. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $52.93 and a 1-year high of $63.32. The stock has a market cap of $157.35 million, a PE ratio of 18.64 and a beta of 0.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VSMV. Integrated Wealth Concepts LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter worth $31,000. Farther Finance Advisors LLC bought a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter valued at approximately $38,000. Rockefeller Capital Management L.P. purchased a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter worth approximately $64,000. Finally, Citadel Advisors LLC purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 2nd quarter worth $542,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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.