Concourse Financial Group Securities Inc. Raises Position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Concourse Financial Group Securities Inc. boosted its position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 28.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,467 shares of the company’s stock after buying an additional 5,902 shares during the period. Concourse Financial Group Securities Inc. owned 0.18% of VictoryShares Short-Term Bond ETF worth $1,345,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. ERn Financial LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the 2nd quarter valued at about $14,126,000. Waverly Advisors LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at approximately $11,970,000. Prairieview Wealth Partners LLC purchased a new position in VictoryShares Short-Term Bond ETF during the first quarter worth approximately $10,623,000. Pinnacle Wealth Management Group Inc. acquired a new position in VictoryShares Short-Term Bond ETF during the third quarter worth $6,395,000. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the 1st quarter worth $4,216,000.

VictoryShares Short-Term Bond ETF Price Performance

Shares of USTB stock opened at $50.46 on Tuesday. VictoryShares Short-Term Bond ETF has a twelve month low of $48.37 and a twelve month high of $50.92. The company’s 50-day moving average price is $50.60 and its 200-day moving average price is $50.08.

VictoryShares Short-Term Bond ETF Announces Dividend

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

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.