VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading 0.3% Higher – What’s Next?

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shot up 0.3% on Monday . The stock traded as high as $49.53 and last traded at $49.38. 4,897 shares were traded during trading, a decline of 47% from the average session volume of 9,183 shares. The stock had previously closed at $49.23.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.3%

The company’s 50-day simple moving average is $48.97 and its 200 day simple moving average is $48.42. The stock has a market cap of $111.10 million, a P/E ratio of 18.64 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, July 10th were issued a dividend of $0.0829 per share. This represents a $0.99 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, July 10th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Several large investors have recently bought and sold shares of VSMV. Cetera Investment Advisers boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 15.8% during the 4th quarter. Cetera Investment Advisers now owns 6,667 shares of the company’s stock valued at $320,000 after acquiring an additional 912 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the fourth quarter valued at approximately $2,110,000. Two Sigma Investments LP increased its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 89.2% during the 4th quarter. Two Sigma Investments LP now owns 19,300 shares of the company’s stock worth $927,000 after buying an additional 9,100 shares during the period. Quent Capital LLC bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF in the 1st quarter worth approximately $107,000. Finally, Sovereign Financial Group Inc. raised its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.7% during the first quarter. Sovereign Financial Group Inc. now owns 29,062 shares of the company’s stock valued at $1,407,000 after buying an additional 492 shares during the last quarter.

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.