VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 1-Year Low – Time to Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s share price reached a new 52-week low on Tuesday . The company traded as low as $50.05 and last traded at $50.08, with a volume of 493952 shares changing hands. The stock had previously closed at $50.10.

VictoryShares Short-Term Bond ETF Trading Down 0.0%

The business’s fifty day simple moving average is $50.41 and its 200-day simple moving average is $50.55.

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 paid a dividend of $0.1834 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, September 9th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17.

Institutional Trading of VictoryShares Short-Term Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Kirkwood Financial Services bought a new stake in shares of VictoryShares Short-Term Bond ETF in the second quarter worth about $13,118,000. BlueStem Wealth Partners LLC bought a new position in VictoryShares Short-Term Bond ETF during the 4th quarter valued at approximately $10,651,000. Janney Montgomery Scott LLC raised its position in VictoryShares Short-Term Bond ETF by 378.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock valued at $13,353,000 after purchasing an additional 208,804 shares during the last quarter. Bank of America Corp DE lifted its holdings in VictoryShares Short-Term Bond ETF by 10.0% in the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after buying an additional 139,855 shares during the period. Finally, Allen Capital Group LLC purchased a new stake in VictoryShares Short-Term Bond ETF in the 1st quarter worth approximately $4,081,000.

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.