Kirkwood Financial Services Takes Position in VictoryShares Short-Term Bond ETF $USTB

Kirkwood Financial Services bought a new position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) during the 2nd quarter, HoldingsChannel reports. The firm bought 258,893 shares of the company’s stock, valued at approximately $13,118,000. VictoryShares Short-Term Bond ETF makes up about 3.7% of Kirkwood Financial Services’ investment portfolio, making the stock its 9th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in VictoryShares Short-Term Bond ETF by 24.2% in the first quarter. Royal Bank of Canada now owns 180,245 shares of the company’s stock valued at $9,129,000 after buying an additional 35,065 shares during the last quarter. Jane Street Group LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 261.8% during the first quarter. Jane Street Group LLC now owns 72,121 shares of the company’s stock worth $3,653,000 after acquiring an additional 52,185 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 8.9% during the second quarter. Raymond James Financial Inc. now owns 391,357 shares of the company’s stock valued at $19,889,000 after acquiring an additional 32,129 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of VictoryShares Short-Term Bond ETF by 31.6% during the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock valued at $66,192,000 after acquiring an additional 312,543 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its stake in VictoryShares Short-Term Bond ETF by 5.1% in the 2nd quarter. IHT Wealth Management LLC now owns 10,299 shares of the company’s stock worth $523,000 after purchasing an additional 500 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ:USTB opened at $50.45 on Monday. VictoryShares Short-Term Bond ETF has a twelve month low of $50.31 and a twelve month high of $51.12. The company’s 50 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. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, August 7th.

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.