VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Stock Price Up 0.1% – What’s Next?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB)’s stock price shot up 0.1% on Thursday . The stock traded as high as $50.48 and last traded at $50.47. 601,978 shares were traded during trading, an increase of 124% from the average daily volume of 268,980 shares. The stock had previously closed at $50.40.

VictoryShares Short-Term Bond ETF Trading Down 0.0%

The stock’s fifty day moving average is $50.48 and its two-hundred day moving average is $50.60.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a dividend of $0.1723 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds have recently modified their holdings of USTB. Victory Capital Management Inc. raised its position in VictoryShares Short-Term Bond ETF by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after buying an additional 14,801 shares during the period. Morgan Stanley increased its stake in shares of VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after purchasing an additional 486,138 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of VictoryShares Short-Term Bond ETF by 10.0% during the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after acquiring an additional 139,855 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after buying an additional 96,021 shares during the period. Finally, Stonebridge Financial Group LLC increased its stake in shares of VictoryShares Short-Term Bond ETF by 5.2% in the second quarter. Stonebridge Financial Group LLC now owns 927,201 shares of the company’s stock worth $46,935,000 after purchasing an additional 45,870 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.