Sovereign Financial Group Inc. Decreases Stake in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Sovereign Financial Group Inc. lessened its stake in shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,570 shares of the company’s stock after selling 1,172 shares during the quarter. Sovereign Financial Group Inc.’s holdings in VictoryShares US Multi-Factor Minimum Volatility ETF were worth $1,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Tower Wealth Partners Inc. increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% during the 2nd 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. Lindenwold Advisors INC raised its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 5.2% in 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 in the last quarter. Finally, Jane Street Group LLC purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the third quarter valued at $324,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Price Performance

NASDAQ:VSMV opened at $48.19 on Wednesday. The firm’s 50-day moving average price is $49.20 and its 200-day moving average price is $48.06. The company has a market capitalization of $110.84 million, a PE ratio of 18.68 and a beta of 0.79. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1-year low of $42.00 and a 1-year high of $50.71.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were given a $0.0116 dividend. The ex-dividend date of this dividend was Wednesday, January 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.