VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Shares Up 0.1% – Here’s What Happened

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) shares traded up 0.1% during mid-day trading on Thursday . The company traded as high as $57.21 and last traded at $57.1850. 8,747 shares traded hands during mid-day trading, an increase of 81% from the average session volume of 4,824 shares. The stock had previously closed at $57.12.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.1%

The stock has a market capitalization of $165.84 million, a price-to-earnings ratio of 18.64 and a beta of 0.74. The stock has a 50 day moving average price of $55.72 and a 200 day moving average price of $53.42.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a dividend of $0.0241 per share. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) annualized dividend and a dividend yield of 0.5%.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Great Valley Advisor Group Inc. lifted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 31.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 436,548 shares of the company’s stock worth $21,515,000 after buying an additional 103,979 shares during the period. Tower Wealth Partners Inc. lifted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 0.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 417,579 shares of the company’s stock worth $23,078,000 after acquiring an additional 1,703 shares during the period. Royal Bank of Canada boosted its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.5% in the first quarter. Royal Bank of Canada now owns 99,816 shares of the company’s stock valued at $4,834,000 after acquiring an additional 503 shares during the last quarter. Raymond James Financial Inc. increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 1.6% during the 2nd quarter. Raymond James Financial Inc. now owns 52,626 shares of the company’s stock valued at $2,594,000 after purchasing an additional 822 shares during the period. Finally, Susquehanna International Group LLP raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 353.3% during the 3rd quarter. Susquehanna International Group LLP now owns 32,191 shares of the company’s stock worth $1,727,000 after purchasing an additional 25,089 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Company Profile

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. VSMV was launched on Jun 22, 2017 and is managed by VictoryShares.