Sovereign Financial Group Inc. Cuts Stock Holdings in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV)

Sovereign Financial Group Inc. reduced its stake in VictoryShares US Multi-Factor Minimum Volatility ETF (NASDAQ:VSMV) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,570 shares of the company’s stock after selling 1,172 shares during the quarter. Sovereign Financial Group Inc. owned about 1.24% of VictoryShares US Multi-Factor Minimum Volatility ETF worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Tower Wealth Partners Inc. increased its holdings in shares of VictoryShares US Multi-Factor Minimum Volatility ETF by 2.3% in the 2nd quarter. Tower Wealth Partners Inc. now owns 405,459 shares of the company’s stock worth $18,424,000 after buying an additional 8,973 shares during the last quarter. Lindenwold Advisors INC grew its position 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 acquiring 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 in the third quarter worth $324,000.

VictoryShares US Multi-Factor Minimum Volatility ETF Trading Up 0.5 %

Shares of VictoryShares US Multi-Factor Minimum Volatility ETF stock opened at $48.19 on Wednesday. The firm 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 12 month low of $42.00 and a 12 month high of $50.71. The business’s 50-day moving average price is $49.20 and its 200-day moving average price is $48.06.

VictoryShares US Multi-Factor Minimum Volatility ETF Cuts Dividend

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

About VictoryShares US Multi-Factor Minimum Volatility ETF

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.