Lyrical US VALUE ETF
USVT
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Sep 14, 2021
- CIK
- 0001545440
- Similar Companies
- Business
- Lyrical US Value ETF (USVT) is an exchange-traded fund that seeks to track the investment results, before fees and expenses, of the Lyrical U.S. Value Index, a proprietary index designed to create a passively managed proxy for deep value investing by selecting approximately 200 equally-weighted large- and mid-cap U.S. stocks from a universe of the top 1,000 U.S. companies based on value screens such as low price-to-earnings, price-to-book, and other fundamental metrics. The Fund, a series of Ultimus Managers Trust, issues and redeems shares in creation units primarily through authorized participants via in-kind transfers of deposit securities and cash components; shares trade on NYSE Arca in the secondary market at market-determined prices. Managed by Lyrical Asset Management LP, headquartered at 250 West 55th Street, New York, New York, the ETF launched in September 2021 and targeted institutional and retail investors seeking U.S. equity value exposure. The Fund holds a diversified portfolio concentrated in mid- and large-cap value stocks across sectors, with assets allocated approximately 47% to large-cap (> $12.9 billion market cap) and 52% to mid-cap (> $2.7 billion) equities as of its final reporting; it employs equal weighting to emphasize undervalued names identified through multi-factor screens. Operations focus exclusively on U.S. markets, with no international exposure or alternative assets; the strategy aims to replicate index performance while minimizing tracking error through daily portfolio adjustments and creation/redemption processes. In a major strategic shift, the Board of Trustees of Ultimus Managers Trust approved the liquidation of the Fund in April 2024 on the recommendation of Lyrical Asset Management LP, citing it in the best interests of shareholders due to factors including low assets under management; trading on NYSE Arca ceased on May 14, 2024, with final liquidation and cash distributions to remaining shareholders completed no later than May 21, 2024. No prior significant partnerships, acquisitions, funding rounds, or new product launches were reported for the ETF in the 1-2 years leading to closure; Lyrical Asset Management, founded in 2008, continues to offer related U.S. value equity strategies through separate accounts and other vehicles but terminated USVT as its sole ETF product.