VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Announces Dividend Increase – $0.18 Per Share

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) announced a monthly dividend on Monday, October 7th, NASDAQ reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.1848 per share on Wednesday, October 9th. This represents a $2.22 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Tuesday, October 8th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.16.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

NASDAQ:USVM traded up $0.16 during trading hours on Tuesday, hitting $84.12. 5,362 shares of the company’s stock traded hands, compared to its average volume of 9,778. The stock’s fifty day moving average price is $82.09 and its two-hundred day moving average price is $79.70. The firm has a market cap of $273.38 million, a P/E ratio of 11.30 and a beta of 1.11. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $60.66 and a twelve month high of $85.62.

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.