VictoryShares US Multi-Factor Minimum Volatility ETF $VSMV Shares Acquired by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 413,027 shares of the company’s stock after buying an additional 8,602 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF makes up about 12.0% of Tower Wealth Partners Inc.’s holdings, making the stock its largest holding. Tower Wealth Partners Inc. owned 0.18% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $20,356,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. One Degree Advisors Inc grew its position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.9% in the 2nd quarter. One Degree Advisors Inc now owns 12,490 shares of the company’s stock valued at $615,000 after purchasing an additional 355 shares during the period. Lindenwold Advisors INC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 14.8% during the 2nd quarter. Lindenwold Advisors INC now owns 5,252 shares of the company’s stock worth $259,000 after acquiring an additional 676 shares in the last quarter. Royal Bank of Canada grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% during the 1st quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock worth $4,834,000 after acquiring an additional 503 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 1.2% during the 1st quarter. LPL Financial LLC now owns 89,703 shares of the company’s stock worth $4,344,000 after acquiring an additional 1,053 shares in the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Down 0.3%

Shares of VSMV opened at $53.25 on Thursday. The stock has a market capitalization of $125.14 million, a P/E ratio of 18.64 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a twelve month low of $43.33 and a twelve month high of $54.27. The company has a 50 day moving average of $52.31 and a 200-day moving average of $49.75.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, October 9th were paid a dividend of $0.0657 per share. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, October 9th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.