VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 12-Month Low – Here’s What Happened

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached 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 changing hands. The stock had previously closed at $50.61.

VictoryShares Short-Term Bond ETF Price Performance

The business’s fifty day moving average price is $50.58 and its two-hundred day moving average price is $50.73.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a dividend of $0.182 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. StoneX Group Inc. increased its position in shares of VictoryShares Short-Term Bond ETF by 3.8% during the fourth quarter. StoneX Group Inc. now owns 5,827 shares of the company’s stock worth $296,000 after purchasing an additional 212 shares in the last quarter. Intrua Financial LLC grew its stake in VictoryShares Short-Term Bond ETF by 2.3% during the 4th quarter. Intrua Financial LLC now owns 9,653 shares of the company’s stock worth $491,000 after buying an additional 214 shares during the last quarter. M.E. Allison & CO. Inc. increased its position in VictoryShares Short-Term Bond ETF by 2.2% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 11,514 shares of the company’s stock valued at $583,000 after buying an additional 245 shares in the last quarter. Advisory Services Network LLC increased its position in VictoryShares Short-Term Bond ETF by 1.4% during the 4th quarter. Advisory Services Network LLC now owns 23,176 shares of the company’s stock valued at $1,178,000 after buying an additional 318 shares in the last quarter. Finally, Midwest Capital Advisors LLC raised its stake in VictoryShares Short-Term Bond ETF by 0.4% in the fourth quarter. Midwest Capital Advisors LLC now owns 104,147 shares of the company’s stock valued at $5,295,000 after buying an additional 399 shares during the last quarter.

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.