VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 52-Week Low – Time to Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $49.80 and last traded at $49.8040, with a volume of 30,407 shares traded. The stock had previously closed at $49.86.

VictoryShares Short-Term Bond ETF Stock Down 0.1%

The stock’s fifty day simple moving average is $50.23 and its 200-day simple moving average is $50.44.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a $0.2060 dividend. The ex-dividend date was Thursday, October 8th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. This represents a $2.47 dividend on an annualized basis and a yield of 5.0%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Go Invest LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter valued at about $130,917,000. Stonebridge Financial Group LLC boosted its stake in VictoryShares Short-Term Bond ETF by 86.7% in the 3rd quarter. Stonebridge Financial Group LLC now owns 1,731,326 shares of the company’s stock worth $86,359,000 after purchasing an additional 804,125 shares during the period. Bank of America Corp DE grew its holdings in shares of VictoryShares Short-Term Bond ETF by 10.0% during the first quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock valued at $77,463,000 after buying an additional 139,855 shares in the last quarter. Marquette Asset Management LLC purchased a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at about $28,106,000. Finally, Waverly Advisors LLC grew its position in VictoryShares Short-Term Bond ETF by 5.2% during the second quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock valued at $24,043,000 after purchasing an additional 23,395 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.