VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. reduced its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 29,742 shares of the company’s stock after selling 757 shares during the quarter. Sovereign Financial Group Inc.’s holdings in VictoryShares US Multi-Factor Minimum Volatility ETF were worth $1,445,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Wealth Partners Inc. grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% in the second quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock valued at $18,424,000 after purchasing an additional 8,973 shares during the period. Cetera Advisors LLC acquired a new stake in VictoryShares US Multi-Factor Minimum Volatility ETF in the first quarter valued at approximately $260,000. Finally, Great Valley Advisor Group Inc. grew its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% in the second quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock valued at $15,729,000 after purchasing an additional 53,373 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.6 %

Shares of VSMV opened at $48.06 on Wednesday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 12 month low of $38.44 and a 12 month high of $48.58. The stock’s 50 day moving average is $47.50 and its two-hundred day moving average is $45.84. The firm has a market cap of $127.35 million, a P/E ratio of 18.68 and a beta of 0.79.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Tuesday, October 8th will be issued a $0.0482 dividend. This represents a $0.58 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, October 8th.

VictoryShares US Multi-Factor Minimum Volatility ETF Profile

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.