VictoryShares US Value Momentum ETF Declares Monthly Dividend of $0.03 (NASDAQ:ULVM)

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) announced a monthly dividend on Thursday, May 7th, NASDAQ Dividends reports. Shareholders of record on Friday, May 8th will be paid a dividend of 0.0323 per share on Monday, May 11th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, May 8th.

VictoryShares US Value Momentum ETF Trading Up 0.5%

NASDAQ:ULVM traded up $0.54 on Friday, hitting $101.59. 2,041 shares of the stock were exchanged, compared to its average volume of 3,195. The stock has a market cap of $248.90 million, a PE ratio of 17.39 and a beta of 0.88. The stock has a fifty day moving average of $97.93 and a 200-day moving average of $94.81. VictoryShares US Value Momentum ETF has a fifty-two week low of $79.66 and a fifty-two week high of $102.16.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in shares of VictoryShares US Value Momentum ETF by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock valued at $145,715,000 after buying an additional 10,000 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of VictoryShares US Value Momentum ETF by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after buying an additional 1,860 shares in the last quarter. Bank of America Corp DE grew its stake in shares of VictoryShares US Value Momentum ETF by 2,513.3% in the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock valued at $2,083,000 after buying an additional 22,117 shares in the last quarter. World Investment Advisors acquired a new stake in shares of VictoryShares US Value Momentum ETF in the first quarter valued at about $616,000. Finally, Manchester Financial Inc. grew its stake in shares of VictoryShares US Value Momentum ETF by 2.5% in the first quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock valued at $1,813,000 after buying an additional 469 shares in the last quarter.

About VictoryShares US Value Momentum ETF

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.