VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Share Price Cross Below Fifty Day Moving Average – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $50.08 and traded as low as $50.07. VictoryShares Short-Term Bond ETF shares last traded at $50.07, with a volume of 275,358 shares changing hands.

VictoryShares Short-Term Bond ETF Price Performance

The stock has a 50 day moving average price of $50.08 and a 200-day moving average price of $50.50.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 9th. Investors of record on Friday, November 6th were paid a $0.1817 dividend. The ex-dividend date of this dividend was Friday, November 6th. This represents a $2.18 annualized dividend and a yield of 4.4%. This is a decrease from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.2060.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USTB. M.E. Allison & CO. Inc. increased its position in VictoryShares Short-Term Bond ETF by 2.2% during the second 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 period. Western Wealth Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at approximately $28,000. Sigma Planning Corp boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 3.8% in the first quarter. Sigma Planning Corp now owns 24,019 shares of the company’s stock valued at $1,215,000 after acquiring an additional 889 shares during the period. Integras Partners LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 14.0% in the third quarter. Integras Partners LLC now owns 8,536 shares of the company’s stock valued at $426,000 after acquiring an additional 1,048 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of VictoryShares Short-Term Bond ETF by 6.2% during the first quarter. Kestra Advisory Services LLC now owns 29,401 shares of the company’s stock worth $1,487,000 after acquiring an additional 1,714 shares during the last quarter.

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.