VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – What’s Next?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) shares hit a new 52-week high during trading on Thursday . The company traded as high as $98.01 and last traded at $97.68, with a volume of 714094 shares trading hands. The stock had previously closed at $95.81.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The stock has a market capitalization of $1.28 billion, a P/E ratio of 15.38 and a beta of 1.04. The firm has a 50 day moving average of $92.82 and a 200-day moving average of $89.66.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were paid a $0.0623 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, January 8th.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after buying an additional 3,835 shares in the last quarter. Nova Wealth Management Inc. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the third quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock worth $379,000 after purchasing an additional 1,920 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter worth about $94,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

The VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index of small- and mid-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. USVM was launched on Oct 24, 2017 and is managed by VictoryShares.