VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Stock Price Down 0.7% – Here’s Why

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM)’s share price fell 0.7% during trading on Friday . The company traded as low as $108.84 and last traded at $108.92. 18,173 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 61,714 shares. The stock had previously closed at $109.69.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

The company has a fifty day moving average of $109.75 and a 200 day moving average of $103.57. The firm has a market capitalization of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were given a $0.0854 dividend. The ex-dividend date was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in 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 last quarter. Strive Financial Group LLC bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at $39,000. Finally, Capital Square LLC bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter valued at $266,000.

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.