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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-high trading volume on Wednesday . Approximately 425,429 shares changed hands during trading, an increase of 81% from the previous session’s volume of 234,559 shares.The stock last traded at $50.38 and had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Stock Up 0.1%

The company’s 50 day moving average is $50.53 and its 200 day moving average is $50.68.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were issued a $0.2031 dividend. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in shares of 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 increased 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 valued at $132,118,000 after purchasing an additional 167,898 shares in the last quarter. Morgan Stanley raised its holdings in VictoryShares Short-Term Bond ETF by 28.8% during the fourth quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after purchasing an additional 486,138 shares during the last quarter. Bank of America Corp DE raised its holdings in VictoryShares Short-Term Bond ETF by 10.0% during the first quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after purchasing an additional 139,855 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in VictoryShares Short-Term Bond ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after purchasing an additional 96,021 shares during the last quarter.

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.