VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 52-Week High – Still a Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $101.57 and last traded at $101.43, with a volume of 2841 shares traded. The stock had previously closed at $100.18.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 2.0%

The stock has a market cap of $1.54 billion, a P/E ratio of 15.38 and a beta of 1.01. The firm’s 50-day moving average is $97.09 and its two-hundred day moving average is $93.91.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were issued a dividend of $0.2067 per share. The ex-dividend date was Thursday, April 9th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11.

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

Large investors have recently bought and sold shares of the business. Nova Wealth Management Inc. lifted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying an additional 222 shares during the last quarter. Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth approximately $39,000. Finally, JPMorgan Chase & Co. lifted its holdings in 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 worth $357,000 after purchasing an additional 3,835 shares during the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.