Pine Valley Investments Ltd Liability Co Sells 86,267 Shares of VictoryShares Short-Term Bond ETF $USTB

Pine Valley Investments Ltd Liability Co reduced its position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 42.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,556 shares of the company’s stock after selling 86,267 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in VictoryShares Short-Term Bond ETF were worth $5,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USTB. Allen Capital Group LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the 1st quarter valued at $4,081,000. Western Wealth Management LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter worth $28,000. Bank of America Corp DE raised its stake in shares of VictoryShares Short-Term Bond ETF by 10.0% in the first 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 last quarter. Centaurus Financial Inc. purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter worth $506,000. Finally, Royal Bank of Canada lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 11.9% during the first quarter. Royal Bank of Canada now owns 234,309 shares of the company’s stock valued at $11,851,000 after purchasing an additional 24,982 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

Shares of NASDAQ:USTB opened at $50.47 on Monday. VictoryShares Short-Term Bond ETF has a 1 year low of $50.31 and a 1 year high of $51.12. The stock’s fifty day moving average price is $50.53 and its 200-day moving average price is $50.68.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a $0.2031 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

VictoryShares Short-Term Bond ETF Company 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.