VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sets New 1-Year High – Still a Buy?

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) reached a new 52-week high during trading on Thursday . The company traded as high as $110.64 and last traded at $110.64, with a volume of 3413 shares changing hands. The stock had previously closed at $109.29.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 0.3%

The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The business’s 50-day simple moving average is $106.17 and its two-hundred day simple moving average is $100.48.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Institutional investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter worth $39,000. JPMorgan Chase & Co. boosted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after buying an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. grew its stake in shares of 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 buying an additional 222 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.