HighTower Advisors LLC Cuts Stock Holdings in VictoryShares US Value Momentum ETF $ULVM

HighTower Advisors LLC trimmed its position in shares of VictoryShares US Value Momentum ETF (NASDAQ:ULVM) by 5.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,869 shares of the company’s stock after selling 238 shares during the quarter. HighTower Advisors LLC owned approximately 0.20% of VictoryShares US Value Momentum ETF worth $311,000 as of its most recent SEC filing.

VictoryShares US Value Momentum ETF Stock Performance

VictoryShares US Value Momentum ETF stock opened at $87.68 on Wednesday. The company’s fifty day moving average price is $86.14 and its 200 day moving average price is $82.23. VictoryShares US Value Momentum ETF has a 1 year low of $69.72 and a 1 year high of $88.30. The stock has a market capitalization of $170.97 million, a P/E ratio of 17.39 and a beta of 0.99.

VictoryShares US Value Momentum ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 7th. Investors of record on Wednesday, August 6th were paid a $0.0833 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a c) dividend on an annualized basis and a yield of 1.1%.

VictoryShares US Value Momentum ETF 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.