Lakeridge Wealth Management LLC Has $3.17 Million Position in VictoryShares Short-Term Bond ETF $USTB

Lakeridge Wealth Management LLC cut its stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 36.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,252 shares of the company’s stock after selling 35,154 shares during the period. VictoryShares Short-Term Bond ETF comprises approximately 1.4% of Lakeridge Wealth Management LLC’s holdings, making the stock its 19th largest position. Lakeridge Wealth Management LLC owned approximately 0.18% of VictoryShares Short-Term Bond ETF worth $3,165,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $30,000. JPMorgan Chase & Co. acquired a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter worth $32,000. Aptus Capital Advisors LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter worth $72,000. Private Trust Co. NA raised its holdings in shares of VictoryShares Short-Term Bond ETF by 25.5% during the third quarter. Private Trust Co. NA now owns 1,454 shares of the company’s stock worth $74,000 after acquiring an additional 295 shares in the last quarter. Finally, Cullen Frost Bankers Inc. purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter worth $143,000.

VictoryShares Short-Term Bond ETF Price Performance

USTB opened at $50.56 on Friday. The stock has a fifty day moving average price of $50.91 and a 200 day moving average price of $50.91. VictoryShares Short-Term Bond ETF has a 1 year low of $50.10 and a 1 year high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.1896 per share. The ex-dividend date was Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 4.5%. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

VictoryShares Short-Term Bond ETF 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.