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

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached 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. The stock had previously closed at $50.45.

VictoryShares Short-Term Bond ETF Trading Down 0.4%

The business has a fifty 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 firm also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th will be given a $0.1834 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, September 9th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Trading of VictoryShares Short-Term Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in shares of VictoryShares Short-Term Bond ETF by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after acquiring an additional 14,801 shares during the period. Morgan Stanley lifted its position in VictoryShares Short-Term Bond ETF by 28.8% during the fourth quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after purchasing an additional 486,138 shares during the period. Bank of America Corp DE boosted its holdings in VictoryShares Short-Term Bond ETF by 10.0% in 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 last quarter. LPL Financial LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 7.8% in the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after purchasing an additional 96,021 shares during the last quarter. Finally, Stonebridge Financial Group LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 5.2% in the second quarter. Stonebridge Financial Group LLC now owns 927,201 shares of the company’s stock worth $46,935,000 after purchasing an additional 45,870 shares during the last quarter.

About VictoryShares Short-Term Bond ETF

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.