VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Reaches New 1-Year High – Time to Buy?

Shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $110.84 and last traded at $110.06, with a volume of 52956 shares traded. The stock had previously closed at $109.83.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

The business has a fifty day simple moving average of $107.47 and a 200 day simple moving average of $101.50. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

An institutional investor recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 424 shares of the company’s stock, valued at approximately $39,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.