Cornerstone Wealth Management LLC Makes New Investment in Touchstone Ultra Short Income ETF $TUSI

Cornerstone Wealth Management LLC bought a new stake in shares of Touchstone Ultra Short Income ETF (BATS:TUSI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,263 shares of the company’s stock, valued at approximately $1,123,000. Cornerstone Wealth Management LLC owned approximately 0.65% of Touchstone Ultra Short Income ETF at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC raised its position in Touchstone Ultra Short Income ETF by 46,908.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 277,350 shares of the company’s stock valued at $7,024,000 after purchasing an additional 276,760 shares during the period. RPS Advisory Solutions LLC bought a new position in shares of Touchstone Ultra Short Income ETF during the 2nd quarter valued at approximately $4,203,000. Janney Montgomery Scott LLC increased its position in shares of Touchstone Ultra Short Income ETF by 15.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 162,336 shares of the company’s stock valued at $4,111,000 after purchasing an additional 21,643 shares during the last quarter. Osaic Holdings Inc. raised its holdings in Touchstone Ultra Short Income ETF by 31.0% during the 2nd quarter. Osaic Holdings Inc. now owns 159,909 shares of the company’s stock valued at $4,049,000 after buying an additional 37,864 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in Touchstone Ultra Short Income ETF in the second quarter worth $3,039,000.

Touchstone Ultra Short Income ETF Trading Down 0.1%

TUSI stock opened at $25.37 on Monday. Touchstone Ultra Short Income ETF has a twelve month low of $25.02 and a twelve month high of $25.57. The firm’s fifty day simple moving average is $25.38 and its two-hundred day simple moving average is $25.38.

Touchstone Ultra Short Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were given a $0.0778 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Thursday, January 29th.

Touchstone Ultra Short Income ETF Company Profile

The Touchstone Ultra Short Income ETF (TUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to select a broad portfolio of attractively priced fixed income securities of ultra-short term maturities and varied credit ratings. TUSI was launched on Aug 4, 2022 and is managed by Touchstone.