VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Shares Up 0.1% – Still a Buy?

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) traded up 0.1% on Thursday . The company traded as high as $95.49 and last traded at $95.42. 31,476 shares were traded during trading, an increase of 266% from the average session volume of 8,604 shares. The stock had previously closed at $95.31.

VictoryShares US Value Momentum ETF Stock Performance

The business has a 50 day simple moving average of $92.85 and a 200-day simple moving average of $89.89. The firm has a market capitalization of $224.24 million, a price-to-earnings ratio of 17.39 and a beta of 0.92.

VictoryShares US Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were given a dividend of $0.0226 per share. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, January 8th.

Institutional Trading of VictoryShares US Value Momentum ETF

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in VictoryShares US Value Momentum ETF by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock valued at $145,715,000 after acquiring an additional 10,000 shares during the last quarter. Bank of America Corp DE raised its position in VictoryShares US Value Momentum ETF by 2,513.3% in the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock valued at $2,083,000 after purchasing an additional 22,117 shares during the period. Cetera Investment Advisers acquired a new position in shares of VictoryShares US Value Momentum ETF in the 2nd quarter valued at $1,783,000. Manchester Financial Inc. grew its holdings in shares of VictoryShares US Value Momentum ETF by 31.1% during the 3rd quarter. Manchester Financial Inc. now owns 17,783 shares of the company’s stock worth $1,610,000 after purchasing an additional 4,217 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of VictoryShares US Value Momentum ETF during the 3rd quarter worth $35,000.

About VictoryShares US Value Momentum ETF

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.