Sykon Capital LLC Invests $11.10 Million in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Sykon Capital LLC bought a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 263,772 shares of the company’s stock, valued at approximately $11,097,000. VictoryShares US Multi-Factor Minimum Volatility ETF accounts for approximately 4.4% of Sykon Capital LLC’s portfolio, making the stock its 4th biggest holding. Sykon Capital LLC owned approximately 8.51% of VictoryShares US Multi-Factor Minimum Volatility ETF at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of VSMV. Great Valley Advisor Group Inc. purchased a new position in shares of VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter worth approximately $7,465,000. Raymond James Financial Services Advisors Inc. purchased a new position in VictoryShares US Multi-Factor Minimum Volatility ETF during the fourth quarter valued at approximately $1,378,000. Tower Wealth Partners Inc. increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 0.3% during the third quarter. Tower Wealth Partners Inc. now owns 393,870 shares of the company’s stock valued at $15,483,000 after buying an additional 1,226 shares during the period. Finally, Atria Wealth Solutions Inc. increased its holdings in VictoryShares US Multi-Factor Minimum Volatility ETF by 6.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,692 shares of the company’s stock valued at $366,000 after buying an additional 495 shares during the period.

VictoryShares US Multi-Factor Minimum Volatility ETF Stock Up 0.8 %

VSMV stock traded up $0.36 during trading on Friday, hitting $43.67. 854 shares of the company’s stock traded hands, compared to its average volume of 11,313. The firm has a market capitalization of $133.19 million, a P/E ratio of 18.68 and a beta of 0.79. The business has a fifty day simple moving average of $44.14 and a two-hundred day simple moving average of $42.57. VictoryShares US Multi-Factor Minimum Volatility ETF has a 1 year low of $38.44 and a 1 year high of $45.31.

VictoryShares US Multi-Factor Minimum Volatility ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 12th were issued a dividend of $0.056 per share. This represents a $0.67 annualized dividend and a yield of 1.54%. The ex-dividend date was Thursday, April 11th.

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.