VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw an uptick in trading volume on Thursday . Approximately 1,269,227 shares changed hands during mid-day trading, an increase of 348% from the previous session’s volume of 283,082 shares.The stock last traded at $49.9250 and had previously closed at $49.97.

VictoryShares Short-Term Bond ETF Stock Performance

The stock has a 50-day moving average of $50.38 and a 200 day moving average of $50.52.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a $0.1834 dividend. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of VictoryShares Short-Term Bond ETF by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,901 shares of the company’s stock valued at $8,702,000 after buying an additional 16,247 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 3.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 214,309 shares of the company’s stock valued at $10,848,000 after buying an additional 7,838 shares during the period. Waverly Advisors LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 5.2% in the second quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock valued at $24,043,000 after acquiring an additional 23,395 shares during the last quarter. HORAN Wealth LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 0.9% in the second quarter. HORAN Wealth LLC now owns 264,769 shares of the company’s stock valued at $13,403,000 after acquiring an additional 2,393 shares during the last quarter. Finally, Kirkwood Financial Services purchased a new position in VictoryShares Short-Term Bond ETF in the second quarter worth approximately $13,118,000.

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.