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

VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $50.40 and last traded at $50.41, with a volume of 109306 shares trading hands. The stock had previously closed at $50.61.

VictoryShares Short-Term Bond ETF Stock Down 0.4%

The firm has a fifty day moving average of $50.58 and a two-hundred day moving average of $50.73.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued a $0.182 dividend. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 4.3%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at approximately $28,000. Sunbelt Securities Inc. purchased a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter valued at $30,000. JPMorgan Chase & Co. bought a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth $32,000. Global Retirement Partners LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth $33,000. Finally, Aptus Capital Advisors LLC bought a new stake in VictoryShares Short-Term Bond ETF during the third quarter valued at about $72,000.

About VictoryShares Short-Term Bond ETF

(Get Free Report)

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.

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