VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Trading 1.4% Higher – Here’s Why

VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) traded up 1.4% during trading on Thursday . The stock traded as high as $58.78 and last traded at $58.78. 1,192 shares changed hands during trading, a decline of 83% from the average session volume of 7,005 shares. The stock had previously closed at $57.95.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.2%

The company’s 50-day moving average is $57.61 and its 200 day moving average is $56.19. The company has a market cap of $153.11 million, a price-to-earnings ratio of 18.64 and a beta of 0.69.

VictoryShares US Multi-Factor Minimum Volatility ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, April 10th. Investors of record on Thursday, April 9th were given a dividend of $0.0567 per share. The ex-dividend date was Thursday, April 9th.

Institutional Trading of VictoryShares US Multi-Factor Minimum Volatility ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth $64,000. Global Retirement Partners LLC boosted its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 8.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,917 shares of the company’s stock valued at $161,000 after buying an additional 226 shares during the period. Valley Financial Group Inc. acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the third quarter valued at approximately $206,000. Lindenwold Advisors INC grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 29.2% during the 3rd quarter. Lindenwold Advisors INC now owns 6,786 shares of the company’s stock worth $364,000 after acquiring an additional 1,534 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 37.3% in the 4th quarter. Truist Financial Corp now owns 8,329 shares of the company’s stock valued at $460,000 after purchasing an additional 2,262 shares in the last quarter.

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