VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 12-Month Low – Here’s Why

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock 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 changing hands. The stock had previously closed at $50.12.

VictoryShares Short-Term Bond ETF Stock Down 0.3%

The stock has a fifty day moving average price of $50.39 and a 200-day moving average price of $50.53.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were paid a $0.1834 dividend. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a c) annualized dividend and a yield of 4.4%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of USTB. Bank of America Corp DE boosted 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 worth $77,463,000 after purchasing an additional 139,855 shares during the period. Stonebridge Financial Group LLC increased its stake in VictoryShares Short-Term Bond ETF by 5.2% in the 2nd quarter. Stonebridge Financial Group LLC now owns 927,201 shares of the company’s stock valued at $46,935,000 after buying an additional 45,870 shares during the period. Marquette Asset Management LLC lifted its position in VictoryShares Short-Term Bond ETF by 4.8% in the 2nd quarter. Marquette Asset Management LLC now owns 550,446 shares of the company’s stock worth $27,864,000 after buying an additional 25,013 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 5.2% during the 2nd quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock valued at $24,043,000 after buying an additional 23,395 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 16.7% during the 1st quarter. Private Advisor Group LLC now owns 464,463 shares of the company’s stock valued at $23,493,000 after buying an additional 66,473 shares during the period.

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.