VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Still a Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw unusually-strong trading volume on Thursday . Approximately 408,660 shares changed hands during trading, an increase of 113% from the previous session’s volume of 192,181 shares.The stock last traded at $50.8850 and had previously closed at $50.90.

VictoryShares Short-Term Bond ETF Price Performance

The firm’s fifty day simple moving average is $50.86 and its 200-day simple moving average is $50.86.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were paid a $0.0341 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) annualized dividend and a yield of 0.8%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Merit Financial Group LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 5,778.3% during the third quarter. Merit Financial Group LLC now owns 2,430,797 shares of the company’s stock valued at $123,946,000 after buying an additional 2,389,445 shares during the period. Bank of America Corp DE grew its stake in VictoryShares Short-Term Bond ETF by 31.6% in the 2nd quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after acquiring an additional 312,543 shares during the period. Stonebridge Financial Group LLC raised its holdings in VictoryShares Short-Term Bond ETF by 121.1% in the 2nd quarter. Stonebridge Financial Group LLC now owns 550,995 shares of the company’s stock valued at $28,002,000 after acquiring an additional 301,786 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 75.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 504,794 shares of the company’s stock worth $25,613,000 after purchasing an additional 216,521 shares during the period. Finally, HORAN Wealth LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the second quarter worth $10,228,000.

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.