VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Shares Acquired by Tower Wealth Partners Inc.

Tower Wealth Partners Inc. increased its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 396,486 shares of the company’s stock after acquiring an additional 4,677 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF comprises approximately 11.6% of Tower Wealth Partners Inc.’s portfolio, making the stock its largest holding. Tower Wealth Partners Inc. owned about 0.13% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $17,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sykon Capital LLC acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at $11,097,000. Great Valley Advisor Group Inc. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth about $7,465,000. Raymond James Financial Services Advisors Inc. purchased a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at approximately $1,378,000. Sovereign Financial Group Inc. increased its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 71.5% during the 1st quarter. Sovereign Financial Group Inc. now owns 21,820 shares of the company’s stock worth $987,000 after purchasing an additional 9,099 shares during the period. Finally, One Degree Advisors Inc purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter worth approximately $762,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

Shares of VSMV stock opened at $45.62 on Wednesday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $38.44 and a 1-year high of $45.97. The business’s fifty day moving average price is $44.66 and its 200 day moving average price is $43.88. The firm has a market capitalization of $139.14 million, a PE ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, June 13th. Shareholders of record on Wednesday, June 12th were given a dividend of $0.0928 per share. This represents a $1.11 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, June 12th.

About VictoryShares US Multi-Factor Minimum Volatility ETF

The VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of large- and mid-cap US stocks, selected and weighted based on multiple factors. ETF optimization and constraints are used in order to minimize volatility.