Lakeridge Wealth Management LLC Increases Stake in VictoryShares Short-Term Bond ETF $USTB

Lakeridge Wealth Management LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 35.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,406 shares of the company’s stock after buying an additional 25,685 shares during the quarter. VictoryShares Short-Term Bond ETF makes up approximately 2.2% of Lakeridge Wealth Management LLC’s portfolio, making the stock its 13th biggest position. Lakeridge Wealth Management LLC owned 0.30% of VictoryShares Short-Term Bond ETF worth $4,967,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in USTB. Bank of America Corp DE grew its holdings in VictoryShares Short-Term Bond ETF by 31.6% during the 2nd quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after acquiring an additional 312,543 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 121.1% during the second quarter. Stonebridge Financial Group LLC now owns 550,995 shares of the company’s stock worth $28,002,000 after purchasing an additional 301,786 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in VictoryShares Short-Term Bond ETF by 75.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 504,794 shares of the company’s stock valued at $25,613,000 after buying an additional 216,521 shares during the last quarter. HORAN Wealth LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the second quarter valued at $10,228,000. Finally, Apella Capital LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 997.4% during the 3rd quarter. Apella Capital LLC now owns 171,611 shares of the company’s stock worth $8,754,000 after buying an additional 155,973 shares during the last quarter.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

NASDAQ:USTB opened at $50.80 on Friday. VictoryShares Short-Term Bond ETF has a 1 year low of $50.06 and a 1 year high of $51.12. The stock has a 50-day simple moving average of $50.89 and a 200-day simple moving average of $50.84.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were issued a $0.3625 dividend. This represents a c) dividend on an annualized basis and a yield of 8.6%. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, December 11th.

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.