Touchstone Ultra Short Income ETF (BATS:TUSI) to Issue Dividend Increase – $0.09 Per Share

Touchstone Ultra Short Income ETF (BATS:TUSI) announced a monthly dividend on Wednesday, February 25th. Shareholders of record on Thursday, February 26th will be given a dividend of 0.0857 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Thursday, February 26th. This is a 10.1% increase from Touchstone Ultra Short Income ETF’s previous monthly dividend of $0.08.

Touchstone Ultra Short Income ETF Stock Performance

Shares of TUSI traded down $0.09 during midday trading on Thursday, hitting $25.35. The company had a trading volume of 6,262 shares, compared to its average volume of 151,776. The company’s 50-day simple moving average is $25.39 and its 200-day simple moving average is $25.39. Touchstone Ultra Short Income ETF has a 1 year low of $25.02 and a 1 year high of $25.55.

Institutional Investors Weigh In On Touchstone Ultra Short Income ETF

A number of large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Touchstone Ultra Short Income ETF during the 4th quarter worth $205,000. Kestra Advisory Services LLC acquired a new stake in Touchstone Ultra Short Income ETF in the fourth quarter valued at $241,000. Sanctuary Advisors LLC boosted its position in shares of Touchstone Ultra Short Income ETF by 14.2% during the 4th quarter. Sanctuary Advisors LLC now owns 9,650 shares of the company’s stock worth $244,000 after acquiring an additional 1,200 shares in the last quarter. Summit Financial Strategies Inc. acquired a new position in shares of Touchstone Ultra Short Income ETF during the 4th quarter worth about $288,000. Finally, Truist Financial Corp purchased a new position in shares of Touchstone Ultra Short Income ETF in the 4th quarter valued at about $288,000.

About Touchstone Ultra Short Income ETF

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.