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

VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $50.25 and last traded at $50.26, with a volume of 23074 shares changing hands. The stock had previously closed at $50.45.

VictoryShares Short-Term Bond ETF Price Performance

The firm has a 50-day moving average price of $50.47 and a 200-day moving average price of $50.59.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.1834 per share. The ex-dividend date is Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in USTB. Western Wealth Management LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the first quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new position in VictoryShares Short-Term Bond ETF in the 3rd quarter valued at approximately $30,000. JPMorgan Chase & Co. bought a new position in VictoryShares Short-Term Bond ETF in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC bought a new position in VictoryShares Short-Term Bond ETF in the 4th quarter valued at approximately $33,000. Finally, Aptus Capital Advisors LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $72,000.

VictoryShares Short-Term Bond ETF Company Profile

(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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