VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 1-Year Low – Time to Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) hit a new 52-week low on Thursday . The company traded as low as $50.31 and last traded at $50.44, with a volume of 1624739 shares traded. The stock had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Price Performance

The firm has a 50 day simple moving average of $50.53 and a 200-day simple moving average of $50.68.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds have recently added to or reduced their stakes in USTB. StoneX Group Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 3.8% in the fourth quarter. StoneX Group Inc. now owns 5,827 shares of the company’s stock valued at $296,000 after purchasing an additional 212 shares during the last quarter. Intrua Financial LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 2.3% in the fourth quarter. Intrua Financial LLC now owns 9,653 shares of the company’s stock valued at $491,000 after purchasing an additional 214 shares during the period. M.E. Allison & CO. Inc. lifted its stake in shares of VictoryShares Short-Term Bond ETF by 2.2% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 11,514 shares of the company’s stock worth $583,000 after buying an additional 245 shares during the last quarter. Advisory Services Network LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 1.4% during the 4th quarter. Advisory Services Network LLC now owns 23,176 shares of the company’s stock worth $1,178,000 after buying an additional 318 shares during the last quarter. Finally, Midwest Capital Advisors LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 0.4% during the 4th quarter. Midwest Capital Advisors LLC now owns 104,147 shares of the company’s stock worth $5,295,000 after buying an additional 399 shares during the period.

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.