Burt Wealth Advisors Raises Position in VictoryShares Short-Term Bond ETF $USTB

Burt Wealth Advisors raised its stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,924 shares of the company’s stock after purchasing an additional 499 shares during the quarter. Burt Wealth Advisors’ holdings in VictoryShares Short-Term Bond ETF were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at approximately $1,001,000. Waverly Advisors LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 12.4% in the fourth quarter. Waverly Advisors LLC now owns 315,536 shares of the company’s stock valued at $15,840,000 after acquiring an additional 34,835 shares in the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at approximately $618,000. Ameriflex Group Inc. bought a new position in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at approximately $40,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 4,092.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 226,542 shares of the company’s stock valued at $11,372,000 after acquiring an additional 221,139 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

USTB stock opened at $51.01 on Wednesday. The business has a 50 day moving average of $50.79 and a 200-day moving average of $50.63. VictoryShares Short-Term Bond ETF has a 12-month low of $50.02 and a 12-month high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 9th. Stockholders of record on Monday, September 8th were issued a $0.1881 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a c) annualized dividend and a dividend yield of 4.4%.

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.