VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Raises Dividend to $0.19 Per Share

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) declared a monthly dividend on Monday, March 9th, NASDAQ Dividends reports. Investors of record on Tuesday, March 10th will be paid a dividend of 0.1896 per share on Wednesday, March 11th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a 3.6% increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

VictoryShares Short-Term Bond ETF Price Performance

USTB stock traded down $0.20 during midday trading on Tuesday, reaching $50.82. The company’s stock had a trading volume of 162,050 shares, compared to its average volume of 245,879. The business’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $50.93. VictoryShares Short-Term Bond ETF has a 52 week low of $50.10 and a 52 week high of $51.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in VictoryShares Short-Term Bond ETF by 12.8% in the third quarter. Commonwealth Equity Services LLC now owns 224,882 shares of the company’s stock valued at $11,467,000 after purchasing an additional 25,602 shares during the last quarter. Adapt Wealth Advisors LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 6.3% during the second quarter. Adapt Wealth Advisors LLC now owns 168,943 shares of the company’s stock worth $8,586,000 after buying an additional 9,978 shares during the last quarter. ERn Financial LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 6.9% during the third quarter. ERn Financial LLC now owns 301,014 shares of the company’s stock worth $15,349,000 after buying an additional 19,442 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth about $4,343,000. Finally, Envestnet Asset Management Inc. grew its position in shares of VictoryShares Short-Term Bond ETF by 17.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 48,449 shares of the company’s stock worth $2,462,000 after buying an additional 7,223 shares during the period.

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.