VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – What’s Next?

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report) saw unusually-strong trading volume on Thursday. Approximately 1,269,227 shares traded hands during mid-day trading, an increase of 348% from the previous session’s volume of 283,082 shares. The stock last traded at $49.9250 and had previously closed at $49.97.

VictoryShares Short-Term Bond ETF Price Performance

The business’s 50 day moving average price is $50.36 and its 200-day moving average price is $50.51.

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VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Western Wealth Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the 1st quarter valued at approximately $28,000. SHP Wealth Management acquired a new position in VictoryShares Short-Term Bond ETF in the fourth quarter worth $100,000. RFG Advisory LLC acquired a new position in VictoryShares Short-Term Bond ETF in the first quarter worth $218,000. Miller Financial Services LLC bought a new stake in VictoryShares Short-Term Bond ETF during the fourth quarter valued at $345,000. Finally, Financial Guidance Group Inc. increased its stake in VictoryShares Short-Term Bond ETF by 17.2% during the first quarter. Financial Guidance Group Inc. now owns 7,772 shares of the company’s stock valued at $393,000 after purchasing an additional 1,143 shares during the last quarter.

VictoryShares Short-Term Bond ETF Company Profile

(Get Free Report)

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.

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