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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $50.38 and last traded at $50.38, with a volume of 3200 shares changing hands. The stock had previously closed at $50.58.

VictoryShares Short-Term Bond ETF Stock Performance

The firm’s fifty day moving average price is $50.60 and its 200 day moving average price is $50.77.

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VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were issued a $0.182 dividend. The ex-dividend date was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its holdings in VictoryShares Short-Term Bond ETF by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after purchasing an additional 14,801 shares in the last quarter. Merit Financial Group LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 6.9% in the fourth quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock worth $132,118,000 after purchasing an additional 167,898 shares in the last quarter. Morgan Stanley boosted its holdings 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 worth $110,502,000 after purchasing an additional 486,138 shares in the last quarter. Bank of America Corp DE boosted its holdings in VictoryShares Short-Term Bond ETF by 10.0% in the first quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after purchasing an additional 139,855 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 7.8% in the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after purchasing an additional 96,021 shares in the last quarter.

VictoryShares Short-Term Bond ETF Company Profile

(Get Free Report)

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.

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