VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 12-Month Low – Time to Sell?

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached a new 52-week low during trading on Thursday. The company traded as low as $49.82 and last traded at $49.8450, with a volume of 21799 shares traded. The stock had previously closed at $50.06.

VictoryShares Short-Term Bond ETF Price Performance

The company’s fifty day simple moving average is $50.28 and its 200 day simple moving average is $50.46.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 9th. Investors of record on Thursday, October 8th will be issued a dividend of $0.2060 per share. This represents a $2.47 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 8th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. M.E. Allison & CO. Inc. raised its holdings in VictoryShares Short-Term Bond ETF by 2.2% in the 2nd quarter. M.E. Allison & CO. Inc. now owns 11,514 shares of the company’s stock valued at $583,000 after acquiring an additional 245 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter worth $28,000. Silver Oak Securities Incorporated raised its stake in VictoryShares Short-Term Bond ETF by 2.8% in the first quarter. Silver Oak Securities Incorporated now owns 24,926 shares of the company’s stock valued at $1,261,000 after purchasing an additional 679 shares in the last quarter. Sigma Planning Corp lifted its position in VictoryShares Short-Term Bond ETF by 3.8% during the first quarter. Sigma Planning Corp now owns 24,019 shares of the company’s stock worth $1,215,000 after purchasing an additional 889 shares during the period. Finally, Financial Guidance Group Inc. grew its stake in VictoryShares Short-Term Bond ETF by 17.2% during the first quarter. Financial Guidance Group Inc. now owns 7,772 shares of the company’s stock worth $393,000 after buying an additional 1,143 shares in the last quarter.

About VictoryShares Short-Term Bond ETF

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.