VictoryShares Short-Term Bond ETF (USTB) to Distribute Monthly Dividend of $0.20 on July 10th

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) declared a monthly dividend on Wednesday, July 8th, NASDAQ Dividends reports. Stockholders of record on Thursday, July 9th will be given a dividend of 0.2031 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Thursday, July 9th. This is a 11.6% increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

VictoryShares Short-Term Bond ETF Trading Down 0.4%

USTB stock opened at $50.43 on Friday. The stock has a fifty day moving average of $50.58 and a 200-day moving average of $50.73. VictoryShares Short-Term Bond ETF has a fifty-two week low of $50.40 and a fifty-two week high of $51.12.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of VictoryShares Short-Term Bond ETF by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after purchasing an additional 14,801 shares during the period. Merit Financial Group LLC grew its stake in VictoryShares Short-Term Bond ETF by 6.9% in the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock valued at $132,118,000 after buying an additional 167,898 shares in the last quarter. Morgan Stanley grew its stake in VictoryShares Short-Term Bond ETF by 28.8% in the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after buying an additional 486,138 shares in the last quarter. Bank of America Corp DE raised its holdings in 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 valued at $77,463,000 after acquiring an additional 139,855 shares during the period. Finally, LPL Financial LLC raised its holdings in 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 valued at $67,867,000 after acquiring an additional 96,021 shares during the period.

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.