VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 52-Week Low – Here’s Why

VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $50.31 and last traded at $50.44, with a volume of 1624739 shares trading hands. The stock had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

The company’s 50 day moving average price is $50.53 and its two-hundred day moving average price is $50.69.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were issued a dividend of $0.2031 per share. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in USTB. Western Wealth Management LLC purchased a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at $28,000. Sunbelt Securities Inc. purchased a new position in VictoryShares Short-Term Bond ETF during the third quarter valued at $30,000. JPMorgan Chase & Co. bought a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter worth about $32,000. Global Retirement Partners LLC bought a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $33,000. Finally, Aptus Capital Advisors LLC bought a new stake in VictoryShares Short-Term Bond ETF in the third quarter worth $72,000.

About VictoryShares Short-Term Bond ETF

(Get Free Report)

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.

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