Broadway Wealth Solutions Inc. Acquires New Holdings in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Broadway Wealth Solutions Inc. purchased a new stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 384,580 shares of the company’s stock, valued at approximately $19,306,000. VictoryShares Short-Term Bond ETF comprises approximately 14.6% of Broadway Wealth Solutions Inc.’s investment portfolio, making the stock its 2nd largest holding. Broadway Wealth Solutions Inc. owned 2.01% of VictoryShares Short-Term Bond ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp bought a new position in VictoryShares Short-Term Bond ETF in the 4th quarter worth $155,000. Axis Wealth Partners LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth about $205,000. Avantax Advisory Services Inc. boosted its stake in VictoryShares Short-Term Bond ETF by 11.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 4,773 shares of the company’s stock valued at $240,000 after purchasing an additional 492 shares during the period. Janney Montgomery Scott LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter valued at approximately $294,000. Finally, Octavia Wealth Advisors LLC increased its position in VictoryShares Short-Term Bond ETF by 37.9% in the 4th quarter. Octavia Wealth Advisors LLC now owns 5,985 shares of the company’s stock worth $300,000 after buying an additional 1,645 shares during the period.

VictoryShares Short-Term Bond ETF Price Performance

USTB opened at $50.59 on Friday. The business has a 50 day moving average of $50.47 and a 200-day moving average of $50.43. VictoryShares Short-Term Bond ETF has a 1-year low of $49.29 and a 1-year high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were given a $0.193 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 10th.

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.