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

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $50.31 and last traded at $50.44, with a volume of 1624739 shares. The stock had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Price Performance

The business has a 50 day simple moving average of $50.53 and a two-hundred day simple moving average of $50.69.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds have recently added to or reduced their stakes in USTB. Western Wealth Management LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF during the first quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter valued at approximately $30,000. JPMorgan Chase & Co. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter valued at approximately $32,000. Global Retirement Partners LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at approximately $33,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at approximately $72,000.

About VictoryShares Short-Term Bond ETF

(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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