VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sets New 52-Week High at $50.28

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $50.28 and last traded at $50.20, with a volume of 13490 shares trading hands. The stock had previously closed at $50.21.

VictoryShares Short-Term Bond ETF Stock Performance

The stock has a 50-day moving average price of $49.88 and a 200 day moving average price of $49.73.

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 issued a $0.1963 dividend. This represents a $2.36 annualized dividend and a yield of 4.68%. The ex-dividend date was Wednesday, July 10th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Private Trust Co. NA purchased a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $57,000. Principal Securities Inc. purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth approximately $121,000. Aspire Wealth Management Corp raised its stake in VictoryShares Short-Term Bond ETF by 18.9% in the 1st quarter. Aspire Wealth Management Corp now owns 4,139 shares of the company’s stock valued at $206,000 after purchasing an additional 658 shares during the last quarter. WT Wealth Management purchased a new position in VictoryShares Short-Term Bond ETF in the 4th quarter valued at $213,000. Finally, SageView Advisory Group LLC boosted its stake in VictoryShares Short-Term Bond ETF by 47.6% during the 1st quarter. SageView Advisory Group LLC now owns 6,115 shares of the company’s stock worth $305,000 after purchasing an additional 1,973 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.