Avaii Wealth Management LLC Takes $6.55 Million Position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Avaii Wealth Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 129,239 shares of the company’s stock, valued at approximately $6,546,000. VictoryShares Short-Term Bond ETF comprises 3.5% of Avaii Wealth Management LLC’s holdings, making the stock its 8th largest position.

Other large investors have also made changes to their positions in the company. Ameriflex Group Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF during the fourth quarter valued at about $40,000. Axis Wealth Partners LLC acquired a new position in VictoryShares Short-Term Bond ETF in the fourth quarter worth about $205,000. Avantax Advisory Services Inc. raised its position in VictoryShares Short-Term Bond ETF by 11.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 4,773 shares of the company’s stock worth $240,000 after purchasing an additional 492 shares in the last quarter. Burt Wealth Advisors raised its position in VictoryShares Short-Term Bond ETF by 2.9% in the fourth quarter. Burt Wealth Advisors now owns 7,215 shares of the company’s stock worth $362,000 after purchasing an additional 205 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in VictoryShares Short-Term Bond ETF by 24.3% in the fourth quarter. Global Retirement Partners LLC now owns 10,121 shares of the company’s stock worth $508,000 after purchasing an additional 1,979 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ:USTB opened at $50.51 on Friday. VictoryShares Short-Term Bond ETF has a 12-month low of $49.70 and a 12-month high of $50.92. The firm has a 50-day moving average price of $50.48 and a 200 day moving average price of $50.43.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, June 9th were given a $0.1917 dividend. The ex-dividend date was Monday, June 9th.

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.