VictoryShares Short-Term Bond ETF (NASDAQ:USTB) is Pinnacle Wealth Management Group Inc.’s 4th Largest Position

Pinnacle Wealth Management Group Inc. lifted its holdings in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,147 shares of the company’s stock after acquiring an additional 9,284 shares during the quarter. VictoryShares Short-Term Bond ETF accounts for about 4.2% of Pinnacle Wealth Management Group Inc.’s investment portfolio, making the stock its 4th biggest position. Pinnacle Wealth Management Group Inc. owned approximately 0.74% of VictoryShares Short-Term Bond ETF worth $6,784,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Fortitude Family Office LLC acquired a new stake in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at approximately $91,000. Octavia Wealth Advisors LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter worth $221,000. Burt Wealth Advisors raised its holdings in VictoryShares Short-Term Bond ETF by 5.3% in the third quarter. Burt Wealth Advisors now owns 7,010 shares of the company’s stock valued at $356,000 after acquiring an additional 350 shares in the last quarter. Private Client Services LLC bought a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $404,000. Finally, Squire Investment Management Company LLC acquired a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter worth $431,000.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of VictoryShares Short-Term Bond ETF stock opened at $50.10 on Tuesday. VictoryShares Short-Term Bond ETF has a 1 year low of $49.29 and a 1 year high of $50.92. The firm’s 50-day simple moving average is $50.27 and its 200-day simple moving average is $50.37.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were paid a dividend of $0.0439 per share. The ex-dividend date was Wednesday, January 8th.

VictoryShares Short-Term Bond ETF Profile

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.