VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Reaches New 52-Week Low – Here’s What Happened

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

VictoryShares Short-Term Bond ETF Stock Performance

The firm’s 50 day moving average is $50.54 and its two-hundred day moving average is $50.70.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in USTB. Royal Bank of Canada lifted its position in VictoryShares Short-Term Bond ETF by 24.2% in the 1st quarter. Royal Bank of Canada now owns 180,245 shares of the company’s stock valued at $9,129,000 after acquiring an additional 35,065 shares in the last quarter. Jane Street Group LLC increased its holdings in VictoryShares Short-Term Bond ETF by 261.8% during the 1st quarter. Jane Street Group LLC now owns 72,121 shares of the company’s stock worth $3,653,000 after purchasing an additional 52,185 shares in the last quarter. Raymond James Financial Inc. increased its holdings in VictoryShares Short-Term Bond ETF by 8.9% during the 2nd quarter. Raymond James Financial Inc. now owns 391,357 shares of the company’s stock worth $19,889,000 after purchasing an additional 32,129 shares in the last quarter. Bank of America Corp DE raised its stake in shares of VictoryShares Short-Term Bond ETF by 31.6% in the 2nd quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock valued at $66,192,000 after purchasing an additional 312,543 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of VictoryShares Short-Term Bond ETF by 5.1% in the 2nd quarter. IHT Wealth Management LLC now owns 10,299 shares of the company’s stock valued at $523,000 after purchasing an additional 500 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.