VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Increases Dividend to $0.18 Per Share

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVMGet Free Report) announced a monthly dividend on Monday, June 8th, NASDAQ Dividends reports. Stockholders of record on Tuesday, June 9th will be given a dividend of 0.1824 per share on Wednesday, June 10th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, June 9th. This is a 409.0% increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.6%

Shares of USVM traded up $0.66 during mid-day trading on Tuesday, hitting $105.31. 44,004 shares of the company traded hands, compared to its average volume of 71,640. VictoryShares US Small Mid Cap Value Momentum ETF has a one year low of $81.22 and a one year high of $106.48. The business has a 50-day moving average of $101.31 and a 200 day moving average of $97.18. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several hedge funds have recently modified their holdings of USVM. Strive Financial Group LLC bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. boosted its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Nova Wealth Management Inc. boosted its stake in 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 valued at $403,000 after acquiring an additional 222 shares during the last quarter.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

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.

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Dividend History for VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)

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