Tower Wealth Partners Inc. Has $19.37 Million Position in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Tower Wealth Partners Inc. trimmed its position in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 403,290 shares of the company’s stock after selling 1,355 shares during the quarter. VictoryShares US Multi-Factor Minimum Volatility ETF accounts for 10.1% of Tower Wealth Partners Inc.’s holdings, making the stock its biggest holding. Tower Wealth Partners Inc. owned 17.53% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $19,370,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lindenwold Advisors INC increased its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% during the third quarter. Lindenwold Advisors INC now owns 5,548 shares of the company’s stock worth $270,000 after purchasing an additional 275 shares during the period. Jane Street Group LLC bought a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the 3rd quarter worth $324,000. Legacy Solutions LLC acquired a new position in VictoryShares US Multi-Factor Minimum Volatility ETF in the 4th quarter valued at $299,000. Finally, Raymond James Financial Inc. bought a new stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the 4th quarter valued at $2,110,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Performance

Shares of NASDAQ VSMV opened at $48.87 on Monday. The stock has a market capitalization of $112.40 million, a P/E ratio of 22.96 and a beta of 0.79. The stock’s fifty day moving average is $48.91 and its 200 day moving average is $48.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 52 week low of $42.82 and a 52 week high of $50.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were paid a $0.0323 dividend. This is a boost from VictoryShares US Multi-Factor Minimum Volatility ETF’s previous dividend of $0.01. The ex-dividend date of this dividend was Friday, February 7th.

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.