Tower Wealth Partners Inc. Buys 8,973 Shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Tower Wealth Partners Inc. raised its stake in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 2.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 405,459 shares of the company’s stock after buying an additional 8,973 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF comprises approximately 11.4% of Tower Wealth Partners Inc.’s investment portfolio, making the stock its biggest position. Tower Wealth Partners Inc. owned about 0.14% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $18,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 1st quarter worth approximately $260,000. Sovereign Financial Group Inc. raised its position in VictoryShares US Multi-Factor Minimum Volatility ETF by 71.5% during the first quarter. Sovereign Financial Group Inc. now owns 21,820 shares of the company’s stock valued at $987,000 after purchasing an additional 9,099 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in VictoryShares US Multi-Factor Minimum Volatility ETF by 18.2% during the second quarter. Great Valley Advisor Group Inc. now owns 346,153 shares of the company’s stock worth $15,729,000 after purchasing an additional 53,373 shares during the last quarter.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of VSMV opened at $48.04 on Tuesday. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52-week low of $38.44 and a 52-week high of $48.26. The firm has a market cap of $139.32 million, a price-to-earnings ratio of 18.68 and a beta of 0.79. The business’s fifty day moving average is $47.03 and its 200-day moving average is $45.43.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, September 11th were paid a $0.0943 dividend. The ex-dividend date was Wednesday, September 11th. This is a positive change from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous monthly dividend of $0.02. This represents a $1.13 annualized dividend and a yield of 2.36%.

VictoryShares US Multi-Factor Minimum Volatility ETF Company 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.