Kestra Private Wealth Services LLC Buys 25,198 Shares of VictoryShares Short-Term Bond ETF $USTB

Kestra Private Wealth Services LLC bought a new position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 25,198 shares of the company’s stock, valued at approximately $1,257,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kirkwood Financial Services bought a new position in shares of VictoryShares Short-Term Bond ETF in the 2nd quarter valued at about $13,118,000. Kintra Wealth LLC raised its holdings in shares of VictoryShares Short-Term Bond ETF by 8.2% in the 2nd quarter. Kintra Wealth LLC now owns 424,283 shares of the company’s stock valued at $21,414,000 after purchasing an additional 32,214 shares during the period. HORAN Wealth LLC raised its holdings in shares of VictoryShares Short-Term Bond ETF by 19.8% in the 1st quarter. HORAN Wealth LLC now owns 262,376 shares of the company’s stock valued at $13,274,000 after purchasing an additional 43,338 shares during the period. Envestnet Asset Management Inc. lifted its stake in VictoryShares Short-Term Bond ETF by 10.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 171,901 shares of the company’s stock valued at $8,702,000 after purchasing an additional 16,247 shares during the last quarter. Finally, Toth Financial Advisory Corp acquired a new stake in VictoryShares Short-Term Bond ETF in the 3rd quarter valued at about $11,241,000.

VictoryShares Short-Term Bond ETF Trading Down 0.4%

VictoryShares Short-Term Bond ETF stock traded down $0.22 during midday trading on Friday, reaching $50.09. 324,147 shares of the company’s stock were exchanged, compared to its average volume of 297,808. VictoryShares Short-Term Bond ETF has a 52 week low of $49.80 and a 52 week high of $51.10. The stock’s 50-day simple moving average is $50.08 and its 200 day simple moving average is $50.51.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 9th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.1817 per share. The ex-dividend date is Friday, November 6th. This represents a $2.18 annualized dividend and a dividend yield of 4.4%. This is a decrease from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.2060.

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.