Stonebridge Financial Group LLC Raises Stock Position in VictoryShares Short-Term Bond ETF $USTB

Stonebridge Financial Group LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 86.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,731,326 shares of the company’s stock after buying an additional 804,125 shares during the period. VictoryShares Short-Term Bond ETF comprises 6.2% of Stonebridge Financial Group LLC’s holdings, making the stock its largest position. Stonebridge Financial Group LLC owned approximately 3.25% of VictoryShares Short-Term Bond ETF worth $86,359,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of USTB. Bank of America Corp DE increased its position in shares of VictoryShares Short-Term Bond ETF by 10.0% in the first 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 last quarter. Marquette Asset Management LLC grew its stake in VictoryShares Short-Term Bond ETF by 4.8% in the second quarter. Marquette Asset Management LLC now owns 550,446 shares of the company’s stock valued at $27,864,000 after purchasing an additional 25,013 shares in the last quarter. Waverly Advisors LLC grew its stake 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 purchasing an additional 23,395 shares in the last quarter. Private Advisor Group LLC increased its position in shares of VictoryShares Short-Term Bond ETF by 16.7% during the 1st quarter. Private Advisor Group LLC now owns 464,463 shares of the company’s stock worth $23,493,000 after purchasing an additional 66,473 shares during the last quarter. Finally, Kintra Wealth LLC increased its position in shares of VictoryShares Short-Term Bond ETF by 8.2% during the 2nd quarter. Kintra Wealth LLC now owns 424,283 shares of the company’s stock worth $21,414,000 after purchasing an additional 32,214 shares during the last quarter.

VictoryShares Short-Term Bond ETF Trading Up 0.2%

Shares of VictoryShares Short-Term Bond ETF stock traded up $0.09 on Thursday, reaching $49.97. 300,027 shares of the company were exchanged, compared to its average volume of 288,705. VictoryShares Short-Term Bond ETF has a one year low of $49.84 and a one year high of $51.10. The company has a 50-day moving average of $50.32 and a 200 day moving average of $50.49.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were given a dividend of $0.1834 per share. This represents a $2.20 annualized dividend and a yield of 4.4%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1723. The ex-dividend date of this dividend was Wednesday, September 9th.

VictoryShares Short-Term Bond ETF 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.