VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 12-Month Low – Time to Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) reached a new 52-week low on Thursday . The stock traded as low as $50.34 and last traded at $50.35, with a volume of 35788 shares changing hands. The stock had previously closed at $50.40.

VictoryShares Short-Term Bond ETF Price Performance

The business has a fifty day simple moving average of $50.54 and a 200-day simple moving average of $50.70.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its position in VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after purchasing an additional 486,138 shares during the last quarter. Bank of America Corp DE lifted its holdings in VictoryShares Short-Term Bond ETF by 31.6% during the 2nd quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after buying an additional 312,543 shares during the period. Cornerstone Planning Group LLC grew its position in shares of VictoryShares Short-Term Bond ETF by 58,494.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 246,096 shares of the company’s stock valued at $12,531,000 after buying an additional 245,676 shares during the last quarter. BlueStem Wealth Partners LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF in the 4th quarter valued at about $10,651,000. Finally, Janney Montgomery Scott LLC grew its position in shares of VictoryShares Short-Term Bond ETF by 378.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock valued at $13,353,000 after buying 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.