VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – What’s Next?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw strong trading volume on Friday. 221,061 shares were traded during mid-day trading, a decline of 25% from the previous session’s volume of 293,710 shares. The stock last traded at $49.9670 and had previously closed at $49.96.

VictoryShares Short-Term Bond ETF Price Performance

The stock has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $50.43.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.2060 per share. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, October 8th.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several large investors have recently added to or reduced their stakes in USTB. Go Invest LLC purchased a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $130,917,000. Stonebridge Financial Group LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 86.7% in the 3rd quarter. Stonebridge Financial Group LLC now owns 1,731,326 shares of the company’s stock worth $86,359,000 after purchasing an additional 804,125 shares during the period. Bank of America Corp DE lifted its position in shares of VictoryShares Short-Term Bond ETF by 10.0% in the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after purchasing an additional 139,855 shares during the period. Marquette Asset Management LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth about $28,106,000. Finally, Waverly Advisors LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 5.2% in the 2nd quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock worth $24,043,000 after purchasing an additional 23,395 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.