VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Stock Cross Below 50-Day Moving Average – Should You Sell?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) crossed 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.

VictoryShares Short-Term Bond ETF Trading Down 0.0%

The business has a 50-day simple moving average of $50.08 and a 200-day simple moving average of $50.50.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, November 6th were given a dividend of $0.1817 per share. This is a negative change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.2060. The ex-dividend date was Friday, November 6th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Silver Oak Securities Incorporated acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at about $312,000. Wall Street Financial Group Inc. raised its position in shares of VictoryShares Short-Term Bond ETF by 30.1% during the 3rd quarter. Wall Street Financial Group Inc. now owns 37,491 shares of the company’s stock worth $1,870,000 after purchasing an additional 8,668 shares during the last quarter. Valmark Advisers Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth about $4,713,000. Money Concepts Capital Corp acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth about $292,000. Finally, Fifth Third Bancorp lifted its stake in VictoryShares Short-Term Bond ETF by 21.6% in the 3rd quarter. Fifth Third Bancorp now owns 38,129 shares of the company’s stock valued at $1,902,000 after buying an additional 6,768 shares in the last quarter.

About VictoryShares Short-Term Bond ETF

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.