VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-high trading volume on Thursday . Approximately 185,047 shares changed hands during trading, an increase of 196% from the previous session’s volume of 62,448 shares.The stock last traded at $49.61 and had previously closed at $49.57.

VictoryShares Short-Term Bond ETF Stock Up 0.1 %

The stock’s fifty day simple moving average is $49.65 and its 200-day simple moving average is $49.40.

VictoryShares Short-Term Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 12th were given a $0.2247 dividend. This represents a $2.70 annualized dividend and a dividend yield of 5.43%. The ex-dividend date was Thursday, April 11th.

Institutional Trading of VictoryShares Short-Term Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USTB. Concourse Financial Group Securities Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at about $38,000. Private Trust Co. NA acquired a new position in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $57,000. Principal Securities Inc. purchased a new position in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $121,000. Aspire Wealth Management Corp lifted its stake in VictoryShares Short-Term Bond ETF by 11.3% during the 3rd quarter. Aspire Wealth Management Corp now owns 2,786 shares of the company’s stock valued at $136,000 after acquiring an additional 283 shares during the period. Finally, WT Wealth Management purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the 4th quarter valued at $213,000.

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.