VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 1-Year Low – Here’s Why

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached a new 52-week low during trading on Tuesday . The company traded as low as $50.38 and last traded at $50.38, with a volume of 3200 shares trading hands. The stock had previously closed at $50.58.

VictoryShares Short-Term Bond ETF Stock Performance

The firm has a 50 day simple moving average of $50.60 and a two-hundred day simple moving average of $50.78.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a dividend of $0.1836 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Friday, May 8th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Allen Capital Group LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the 1st quarter worth approximately $4,081,000. Western Wealth Management LLC bought a new stake in VictoryShares Short-Term Bond ETF during the first quarter worth $28,000. Bank of America Corp DE lifted its holdings in 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 worth $77,463,000 after acquiring an additional 139,855 shares during the period. Centaurus Financial Inc. purchased a new position in VictoryShares Short-Term Bond ETF in the first quarter worth $506,000. Finally, Royal Bank of Canada grew its stake in VictoryShares Short-Term Bond ETF by 11.9% in the 1st quarter. Royal Bank of Canada now owns 234,309 shares of the company’s stock valued at $11,851,000 after purchasing an additional 24,982 shares during the period.

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.