VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Should You Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report) saw an uptick in trading volume on Tuesday . 613,727 shares traded hands during trading, an increase of 156% from the previous session’s volume of 239,804 shares.The stock last traded at $50.43 and had previously closed at $50.49.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

The company’s 50 day simple moving average is $50.61 and its 200 day simple moving average is $50.80.

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VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a $0.1836 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, May 8th.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in VictoryShares Short-Term Bond ETF by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after acquiring an additional 14,801 shares during the period. Merit Financial Group LLC grew its stake in VictoryShares Short-Term Bond ETF by 6.9% in the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock worth $132,118,000 after acquiring an additional 167,898 shares during the period. Morgan Stanley grew its stake in VictoryShares Short-Term Bond ETF by 28.8% in the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after acquiring an additional 486,138 shares during the period. Bank of America Corp DE grew its stake in VictoryShares Short-Term Bond ETF by 10.0% in the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after acquiring an additional 139,855 shares during the period. Finally, LPL Financial LLC grew its stake in VictoryShares Short-Term Bond ETF by 7.8% in the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after acquiring an additional 96,021 shares during the period.

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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