VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase After Dividend Announcement

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-strong trading volume on Wednesday after the company announced a dividend. Approximately 189,444 shares changed hands during mid-day trading, an increase of 183% from the previous session’s volume of 66,867 shares.The stock last traded at $50.65 and had previously closed at $50.91.

The newly announced dividend which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.2377 per share. The ex-dividend date was Wednesday, September 11th. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.21. This represents a $2.85 dividend on an annualized basis and a dividend yield of 5.62%.

VictoryShares Short-Term Bond ETF Stock Performance

The stock has a 50-day moving average price of $50.36 and a 200 day moving average price of $49.92.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at approximately $121,000. Aspire Wealth Management Corp raised its position in shares of VictoryShares Short-Term Bond ETF by 18.9% during the 1st quarter. Aspire Wealth Management Corp now owns 4,139 shares of the company’s stock valued at $206,000 after buying an additional 658 shares during the period. WT Wealth Management purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at approximately $213,000. SageView Advisory Group LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 47.6% during the 1st quarter. SageView Advisory Group LLC now owns 6,115 shares of the company’s stock valued at $305,000 after buying an additional 1,973 shares during the period. Finally, Nations Financial Group Inc. IA ADV purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at approximately $318,000.

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.