Marquette Asset Management LLC Purchases New Shares in VictoryShares Short-Term Bond ETF $USTB

Marquette Asset Management LLC purchased a new stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) in the third quarter, HoldingsChannel reports. The firm purchased 563,466 shares of the company’s stock, valued at approximately $28,106,000. VictoryShares Short-Term Bond ETF accounts for approximately 3.7% of Marquette Asset Management LLC’s investment portfolio, making the stock its 11th biggest position.

Other institutional investors have also recently bought and sold shares of the company. HORAN Wealth LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 19.8% during the 1st quarter. HORAN Wealth LLC now owns 262,376 shares of the company’s stock worth $13,274,000 after buying an additional 43,338 shares in the last quarter. Kintra Wealth LLC increased its stake in shares of VictoryShares Short-Term Bond ETF by 8.2% in the 2nd quarter. Kintra Wealth LLC now owns 424,283 shares of the company’s stock valued at $21,414,000 after buying an additional 32,214 shares during the period. Kirkwood Financial Services acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the 2nd quarter valued at $13,118,000. Certified Advisory Corp increased its stake in shares of VictoryShares Short-Term Bond ETF by 10.5% in the 1st quarter. Certified Advisory Corp now owns 231,971 shares of the company’s stock valued at $11,733,000 after buying an additional 22,076 shares during the period. Finally, Royal Bank of Canada raised its position 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 worth $11,851,000 after acquiring an additional 24,982 shares during the last quarter.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

Shares of USTB opened at $49.86 on Friday. VictoryShares Short-Term Bond ETF has a 12-month low of $49.80 and a 12-month high of $51.10. The stock’s fifty day simple moving average is $50.26 and its 200-day simple moving average is $50.45.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were paid a $0.2060 dividend. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $2.47 annualized dividend and a dividend yield of 5.0%.

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.