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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s share price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $50.02 and last traded at $50.01, with a volume of 51930 shares. The stock had previously closed at $50.12.

VictoryShares Short-Term Bond ETF Stock Performance

The stock has a 50-day simple moving average of $50.36 and a 200 day simple moving average of $50.51.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were given a dividend of $0.1834 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1723. This represents a $2.20 dividend on an annualized basis and a yield of 4.4%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of VictoryShares Short-Term Bond ETF by 10.4% during the second quarter. Envestnet Asset Management Inc. now owns 171,901 shares of the company’s stock worth $8,702,000 after acquiring an additional 16,247 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in VictoryShares Short-Term Bond ETF by 3.8% in the second quarter. Integrated Wealth Concepts LLC now owns 214,309 shares of the company’s stock valued at $10,848,000 after purchasing an additional 7,838 shares in the last quarter. Waverly Advisors LLC increased its position in VictoryShares Short-Term Bond ETF by 5.2% in the 2nd quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock worth $24,043,000 after purchasing an additional 23,395 shares during the last quarter. HORAN Wealth LLC increased its position in VictoryShares Short-Term Bond ETF by 0.9% in the 2nd quarter. HORAN Wealth LLC now owns 264,769 shares of the company’s stock worth $13,403,000 after purchasing an additional 2,393 shares during the last quarter. Finally, Kirkwood Financial Services purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 2nd quarter worth about $13,118,000.

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.