VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 1-Year Low – Here’s Why

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $50.38 and last traded at $50.38, with a volume of 3200 shares. The stock had previously closed at $50.58.

VictoryShares Short-Term Bond ETF Trading Down 0.3%

The company’s 50-day moving average is $50.60 and its two-hundred day moving average is $50.78.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.1836 dividend. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Friday, May 8th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several large investors have recently modified their holdings of the stock. Western Wealth Management LLC bought 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 shares of VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $30,000. JPMorgan Chase & Co. bought a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth $32,000. Global Retirement Partners LLC purchased a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter worth about $33,000. Finally, Aptus Capital Advisors LLC purchased a new stake in VictoryShares Short-Term Bond ETF in the 3rd quarter worth about $72,000.

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.