Victory Capital Management Inc. Cuts Stake in VictoryShares US Value Momentum ETF (NASDAQ:ULVM)

Victory Capital Management Inc. reduced its stake in shares of VictoryShares US Value Momentum ETF (NASDAQ:ULVM) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,527,121 shares of the company’s stock after selling 170,894 shares during the period. Victory Capital Management Inc. owned 82.55% of VictoryShares US Value Momentum ETF worth $122,819,000 as of its most recent SEC filing.

Separately, Manchester Financial Inc. purchased a new position in VictoryShares US Value Momentum ETF in the fourth quarter valued at approximately $200,000.

VictoryShares US Value Momentum ETF Stock Performance

NASDAQ ULVM opened at $82.29 on Thursday. VictoryShares US Value Momentum ETF has a one year low of $71.58 and a one year high of $87.22. The company’s 50 day moving average price is $83.01 and its 200 day moving average price is $82.21. The firm has a market capitalization of $152.24 million, a price-to-earnings ratio of 19.14 and a beta of 0.99.

VictoryShares US Value Momentum ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were issued a $0.1096 dividend. This is a positive change from VictoryShares US Value Momentum ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, February 7th.

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.