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 traded. The stock had previously closed at $50.12.

VictoryShares Short-Term Bond ETF Price Performance

The business has a 50 day simple moving average of $50.39 and a 200 day simple moving average of $50.53.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kirkwood Financial Services acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 2nd quarter valued at about $13,118,000. Janney Montgomery Scott LLC boosted its position in VictoryShares Short-Term Bond ETF by 378.3% during the first quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock worth $13,353,000 after purchasing an additional 208,804 shares during the period. Bank of America Corp DE boosted its position in 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. Allen Capital Group LLC acquired a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at approximately $4,081,000. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in VictoryShares Short-Term Bond ETF by 151.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 122,240 shares of the company’s stock valued at $6,183,000 after purchasing an additional 73,540 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.