VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Hits New 1-Year Low – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached a new 52-week low on Thursday . The company traded as low as $50.34 and last traded at $50.35, with a volume of 35788 shares trading hands. The stock had previously closed at $50.40.

VictoryShares Short-Term Bond ETF Price Performance

The firm has a 50 day moving average of $50.54 and a 200-day moving average of $50.70.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of USTB. Western Wealth Management LLC acquired a new stake in VictoryShares Short-Term Bond ETF during the first quarter worth about $28,000. Sunbelt Securities Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter valued at approximately $30,000. JPMorgan Chase & Co. acquired a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $33,000. Finally, Aptus Capital Advisors LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth approximately $72,000.

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.