VictoryShares Short-Term Bond ETF $USTB Shares Bought by Pinnacle Wealth Management Group Inc.

Pinnacle Wealth Management Group Inc. boosted its stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 145,541 shares of the company’s stock after acquiring an additional 6,569 shares during the period. VictoryShares Short-Term Bond ETF comprises about 4.2% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its 4th biggest holding. Pinnacle Wealth Management Group Inc.’s holdings in VictoryShares Short-Term Bond ETF were worth $7,396,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC acquired a new position in VictoryShares Short-Term Bond ETF during the second quarter worth $202,000. Axis Wealth Partners LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 19.8% in the first quarter. Axis Wealth Partners LLC now owns 4,895 shares of the company’s stock valued at $248,000 after buying an additional 810 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at about $286,000. Stratos Investment Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at about $358,000. Finally, M.E. Allison & CO. Inc. acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the second quarter valued at about $377,000.

VictoryShares Short-Term Bond ETF Trading Up 0.1%

Shares of NASDAQ USTB opened at $51.00 on Friday. The firm has a 50-day simple moving average of $50.95 and a 200-day simple moving average of $50.71. VictoryShares Short-Term Bond ETF has a 52 week low of $50.02 and a 52 week high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 10th. Stockholders of record on Thursday, October 9th were given a $0.21 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date was Thursday, October 9th.

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.