VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 1-Year Low – What’s Next?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $50.25 and last traded at $50.26, with a volume of 23074 shares changing hands. The stock had previously closed at $50.45.

VictoryShares Short-Term Bond ETF Price Performance

The stock has a 50-day moving average of $50.46 and a 200 day moving average of $50.58.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.1834 per share. 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. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in USTB. Morgan Stanley boosted its stake in VictoryShares Short-Term Bond ETF by 28.8% in the fourth quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after buying an additional 486,138 shares in the last quarter. Bank of America Corp DE raised its stake in VictoryShares Short-Term Bond ETF by 31.6% during the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after acquiring an additional 312,543 shares in the last quarter. Kirkwood Financial Services acquired a new position in VictoryShares Short-Term Bond ETF during the second quarter worth about $13,118,000. BlueStem Wealth Partners LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the fourth quarter worth about $10,651,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 378.3% in the first quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock worth $13,353,000 after acquiring an additional 208,804 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.