VictoryShares US Value Momentum ETF (NASDAQ:ULVM – Get Free Report) announced a monthly dividend on Tuesday, September 8th. Investors of record on Wednesday, September 9th will be paid a dividend of 0.2602 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Wednesday, September 9th. This is a 207.5% increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08.
VictoryShares US Value Momentum ETF Stock Performance
Shares of VictoryShares US Value Momentum ETF stock opened at $107.23 on Thursday. VictoryShares US Value Momentum ETF has a 1 year low of $88.01 and a 1 year high of $111.41. The company has a market capitalization of $262.71 million, a P/E ratio of 17.39 and a beta of 0.86. The company’s fifty day moving average is $108.64 and its two-hundred day moving average is $103.39.
Hedge Funds Weigh In On VictoryShares US Value Momentum ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in ULVM. Victory Capital Management Inc. raised its stake in shares of VictoryShares US Value Momentum ETF by 15.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock worth $169,717,000 after purchasing an additional 248,284 shares during the last quarter. Bank of America Corp DE grew its position in VictoryShares US Value Momentum ETF by 2,513.3% in the 3rd 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 during the last quarter. World Investment Advisors purchased a new position in VictoryShares US Value Momentum ETF in the 1st quarter valued at $616,000. Cetera Investment Advisers increased its stake in VictoryShares US Value Momentum ETF by 8.9% in the 4th 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 during the period. Finally, Citadel Advisors LLC increased its stake in VictoryShares US Value Momentum ETF by 5.0% in the 2nd quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock valued at $1,791,000 after buying an additional 806 shares during the period.
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.
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