VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 12-Month High – Should You Buy?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVMGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $110.81 and last traded at $110.81, with a volume of 1144 shares. The stock had previously closed at $110.56.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The company’s 50 day simple moving average is $106.46 and its 200 day simple moving average is $100.80.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a $0.3027 dividend. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date was Thursday, July 9th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter worth approximately $39,000. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. raised its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying an additional 222 shares in 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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