VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw an uptick in trading volume on Tuesday . 72,376 shares were traded during trading, an increase of 11% from the previous session’s volume of 64,961 shares.The stock last traded at $50.52 and had previously closed at $50.53.

VictoryShares Short-Term Bond ETF Stock Performance

The company’s fifty day simple moving average is $49.95 and its two-hundred day simple moving average is $49.75.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, July 11th. Shareholders of record on Wednesday, July 10th were paid a $0.1963 dividend. The ex-dividend date was Wednesday, July 10th. This represents a $2.36 dividend on an annualized basis and a yield of 4.67%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several institutional investors have recently made changes to their positions in USTB. ERn Financial LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the second quarter worth approximately $14,126,000. Waverly Advisors LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 1st quarter worth $11,970,000. Prairieview Wealth Partners LLC purchased a new position in VictoryShares Short-Term Bond ETF in the first quarter worth $10,623,000. Commonwealth Equity Services LLC bought a new position in VictoryShares Short-Term Bond ETF in the first quarter valued at $4,216,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in VictoryShares Short-Term Bond ETF by 245.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,494 shares of the company’s stock valued at $5,556,000 after purchasing an additional 79,206 shares in 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.