Lakeridge Wealth Management LLC Sells 35,154 Shares of VictoryShares Short-Term Bond ETF $USTB

Lakeridge Wealth Management LLC reduced its holdings in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 36.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 62,252 shares of the company’s stock after selling 35,154 shares during the quarter. VictoryShares Short-Term Bond ETF comprises 1.4% of Lakeridge Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Lakeridge Wealth Management LLC’s holdings in VictoryShares Short-Term Bond ETF were worth $3,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sunbelt Securities Inc. acquired a new stake in VictoryShares Short-Term Bond ETF in the 3rd quarter worth $30,000. JPMorgan Chase & Co. bought a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth about $32,000. Aptus Capital Advisors LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter valued at about $72,000. Private Trust Co. NA increased its stake in VictoryShares Short-Term Bond ETF by 25.5% in the third quarter. Private Trust Co. NA now owns 1,454 shares of the company’s stock valued at $74,000 after acquiring an additional 295 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in VictoryShares Short-Term Bond ETF in the third quarter valued at about $143,000.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ:USTB opened at $50.56 on Friday. VictoryShares Short-Term Bond ETF has a 12-month low of $50.10 and a 12-month high of $51.12. The firm has a 50-day moving average price of $50.91 and a 200 day moving average price of $50.91.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, March 10th were paid a $0.1896 dividend. The ex-dividend date was Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 4.5%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

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.