VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Trading Up 0.5% – Here’s Why

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) were up 0.5% during trading on Friday . The company traded as high as $99.88 and last traded at $99.84. Approximately 639 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 5,148 shares. The stock had previously closed at $99.39.

VictoryShares US Value Momentum ETF Trading Up 0.5%

The stock has a market capitalization of $239.62 million, a PE ratio of 17.39 and a beta of 0.92. The stock’s fifty day simple moving average is $95.01 and its 200-day simple moving average is $91.28.

VictoryShares US Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 9th were issued a dividend of $0.0764 per share. This represents a c) annualized dividend and a yield of 0.9%. This is a boost from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.02. The ex-dividend date was Monday, February 9th.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in ULVM. Cetera Investment Advisers boosted its stake in shares of VictoryShares US Value Momentum ETF by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock worth $2,086,000 after buying an additional 1,860 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in VictoryShares US Value Momentum ETF by 15.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock worth $169,717,000 after acquiring an additional 248,284 shares during the period. Manchester Financial Inc. boosted its position in VictoryShares US Value Momentum ETF by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock worth $1,692,000 after purchasing an additional 737 shares during the last quarter. Bank of America Corp DE grew its stake in VictoryShares US Value Momentum ETF by 2,513.3% in the 3rd 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. Finally, Farmers & Merchants Investments Inc. bought a new position in VictoryShares US Value Momentum ETF in the 3rd quarter valued at $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.