VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 12-Month Low – What’s Next?

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached a new 52-week low on Thursday . The company traded as low as $50.40 and last traded at $50.41, with a volume of 109306 shares trading hands. The stock had previously closed at $50.61.

VictoryShares Short-Term Bond ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $50.57 and a 200 day simple moving average of $50.72.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.2031 per share. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Thursday, July 9th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after buying an additional 486,138 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 31.6% in the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after buying an additional 312,543 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in shares of VictoryShares Short-Term Bond ETF by 58,494.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 246,096 shares of the company’s stock worth $12,531,000 after acquiring an additional 245,676 shares during the last quarter. BlueStem Wealth Partners LLC bought a new position in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth $10,651,000. Finally, Janney Montgomery Scott LLC grew its stake in VictoryShares Short-Term Bond ETF by 378.3% during the first quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock valued at $13,353,000 after acquiring an additional 208,804 shares in the last quarter.

VictoryShares Short-Term Bond ETF Company Profile

The Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. USTB was launched on Oct 24, 2017 and is managed by VictoryShares.