Touchstone Ultra Short Income ETF (TUSI) to Issue Monthly Dividend of $0.09 on February 27th

Touchstone Ultra Short Income ETF (BATS:TUSI) declared a monthly dividend on Wednesday, February 25th. Shareholders of record on Thursday, February 26th will be given a dividend of 0.0857 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, February 26th. This is a 10.1% increase from Touchstone Ultra Short Income ETF’s previous monthly dividend of $0.08.

Touchstone Ultra Short Income ETF Stock Performance

BATS:TUSI opened at $25.35 on Friday. Touchstone Ultra Short Income ETF has a one year low of $25.02 and a one year high of $25.55. The business has a fifty day moving average price of $25.39 and a 200-day moving average price of $25.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH boosted its position in Touchstone Ultra Short Income ETF by 8.0% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,377,112 shares of the company’s stock valued at $60,224,000 after buying an additional 176,320 shares during the period. LPL Financial LLC increased its position in Touchstone Ultra Short Income ETF by 80.8% during the 4th quarter. LPL Financial LLC now owns 1,063,342 shares of the company’s stock valued at $26,940,000 after buying an additional 475,275 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Touchstone Ultra Short Income ETF by 98.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 804,791 shares of the company’s stock valued at $20,389,000 after acquiring an additional 399,892 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Touchstone Ultra Short Income ETF by 48.4% during the fourth quarter. Royal Bank of Canada now owns 600,383 shares of the company’s stock worth $15,211,000 after buying an additional 195,826 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Touchstone Ultra Short Income ETF by 242.2% in the 3rd quarter. Raymond James Financial Inc. now owns 548,671 shares of the company’s stock worth $13,914,000 after acquiring an additional 388,336 shares during the last quarter.

About Touchstone Ultra Short Income ETF

The Touchstone Ultra Short Income ETF (TUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to select a broad portfolio of attractively priced fixed income securities of ultra-short term maturities and varied credit ratings. TUSI was launched on Aug 4, 2022 and is managed by Touchstone.