VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – What’s Next?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-strong trading volume on Monday . Approximately 942,188 shares changed hands during mid-day trading, an increase of 296% from the previous session’s volume of 238,176 shares.The stock last traded at $50.56 and had previously closed at $50.53.

VictoryShares Short-Term Bond ETF Trading Up 0.1%

The stock’s 50 day moving average is $50.87 and its 200 day moving average is $50.89.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.1896 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, March 10th. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

Institutional Trading of VictoryShares Short-Term Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its stake in VictoryShares Short-Term Bond ETF by 417.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 26,015 shares of the company’s stock valued at $1,323,000 after buying an additional 20,986 shares in the last quarter. SHP Wealth Management acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter valued at about $100,000. NewEdge Advisors LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter valued at about $157,000. Claro Advisors Inc. boosted its position in shares of VictoryShares Short-Term Bond ETF by 8.4% during the 4th quarter. Claro Advisors Inc. now owns 19,564 shares of the company’s stock valued at $995,000 after purchasing an additional 1,510 shares in the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of VictoryShares Short-Term Bond ETF by 15.2% during the 4th quarter. Cetera Investment Advisers now owns 20,947 shares of the company’s stock valued at $1,065,000 after purchasing an additional 2,771 shares in 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.