VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Hits New 1-Year Low – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $49.80 and last traded at $49.8040, with a volume of 30,407 shares traded. The stock had previously closed at $49.86.

VictoryShares Short-Term Bond ETF Price Performance

The business has a 50 day simple moving average of $50.23 and a 200 day simple moving average of $50.44.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a $0.2060 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. This represents a $2.47 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Thursday, October 8th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds have recently bought and sold shares of USTB. Go Invest LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at approximately $130,917,000. Stonebridge Financial Group LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 86.7% during the third quarter. Stonebridge Financial Group LLC now owns 1,731,326 shares of the company’s stock worth $86,359,000 after purchasing an additional 804,125 shares during the last quarter. Marquette Asset Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at $28,106,000. Kirkwood Financial Services bought a new position in shares of VictoryShares Short-Term Bond ETF in the second quarter valued at about $13,118,000. Finally, Toth Financial Advisory Corp acquired a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter worth about $11,241,000.

About VictoryShares Short-Term Bond ETF

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.