VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Strong Trading Volume – Here’s Why

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw an uptick in trading volume on Friday . 52,059 shares traded hands during trading, a decline of 24% from the previous session’s volume of 68,949 shares.The stock last traded at $50.45 and had previously closed at $50.46.

VictoryShares Short-Term Bond ETF Trading Down 0.0 %

The company’s fifty day simple moving average is $50.62 and its two-hundred day simple moving average is $50.11.

VictoryShares Short-Term Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Investors of record on Tuesday, October 8th were issued a $0.1687 dividend. This represents a $2.02 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Tuesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in USTB. Daymark Wealth Partners LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 2.2% in the 2nd quarter. Daymark Wealth Partners LLC now owns 14,432 shares of the company’s stock worth $719,000 after buying an additional 305 shares during the last quarter. Concourse Financial Group Securities Inc. boosted its stake in VictoryShares Short-Term Bond ETF by 9.0% in the first quarter. Concourse Financial Group Securities Inc. now owns 18,745 shares of the company’s stock valued at $934,000 after acquiring an additional 1,554 shares during the period. Marquette Asset Management LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 0.3% during the first quarter. Marquette Asset Management LLC now owns 595,489 shares of the company’s stock valued at $29,673,000 after purchasing an additional 1,615 shares during the last quarter. Fortitude Family Office LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth approximately $91,000. Finally, SageView Advisory Group LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 47.6% in the 1st quarter. SageView Advisory Group LLC now owns 6,115 shares of the company’s stock worth $305,000 after purchasing an additional 1,973 shares during the last quarter.

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.