VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Announces Dividend Increase – $0.17 Per Share

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) declared a monthly dividend on Wednesday, April 9th, NASDAQ Dividends reports. Stockholders of record on Thursday, April 10th will be paid a dividend of 0.1674 per share on Friday, April 11th. This represents a $2.01 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, April 10th. This is a 589.5% increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.02.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

USVM traded down $3.33 during trading hours on Thursday, reaching $71.97. The company’s stock had a trading volume of 344,828 shares, compared to its average volume of 49,581. The company’s 50-day moving average is $80.62 and its 200-day moving average is $84.59. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $68.07 and a 52 week high of $93.41. The firm has a market cap of $741.29 million, a PE ratio of 13.81 and a beta of 1.11.

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.