Valmark Advisers Inc. purchased a new position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 94,491 shares of the company’s stock, valued at approximately $4,713,000. Valmark Advisers Inc. owned 0.17% of VictoryShares Short-Term Bond ETF at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Money Concepts Capital Corp acquired a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at approximately $292,000. Fifth Third Bancorp grew its stake in VictoryShares Short-Term Bond ETF by 21.6% during the 3rd quarter. Fifth Third Bancorp now owns 38,129 shares of the company’s stock worth $1,902,000 after buying an additional 6,768 shares during the last quarter. AlphaCore Capital LLC grew its stake in VictoryShares Short-Term Bond ETF by 8.4% during the 3rd quarter. AlphaCore Capital LLC now owns 37,366 shares of the company’s stock worth $1,864,000 after buying an additional 2,900 shares during the last quarter. StoneX Group Inc. acquired a new stake in VictoryShares Short-Term Bond ETF in the third quarter worth $248,000. Finally, Kestra Advisory Services LLC increased its position in VictoryShares Short-Term Bond ETF by 38.3% in the third quarter. Kestra Advisory Services LLC now owns 39,944 shares of the company’s stock worth $1,992,000 after buying an additional 11,065 shares during the period.
VictoryShares Short-Term Bond ETF Stock Performance
USTB stock traded up $0.03 during mid-day trading on Friday, reaching $49.89. The company had a trading volume of 334,370 shares, compared to its average volume of 297,043. VictoryShares Short-Term Bond ETF has a one year low of $49.80 and a one year high of $51.10. The stock’s 50-day simple moving average is $50.03 and its two-hundred day simple moving average is $50.48.
VictoryShares Short-Term Bond ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, November 6th were given a dividend of $0.1817 per share. This is a decrease from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.2060. This represents a $2.18 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Friday, November 6th.
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.
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