Lakeridge Wealth Management LLC Makes New $3.15 Million Investment in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Lakeridge Wealth Management LLC purchased a new position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 62,225 shares of the company’s stock, valued at approximately $3,152,000. VictoryShares Short-Term Bond ETF makes up approximately 1.6% of Lakeridge Wealth Management LLC’s holdings, making the stock its 17th largest holding. Lakeridge Wealth Management LLC owned approximately 0.27% of VictoryShares Short-Term Bond ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of USTB. Ameriflex Group Inc. purchased a new position in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $40,000. Axis Wealth Partners LLC purchased a new position in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $205,000. Avantax Advisory Services Inc. grew its stake in VictoryShares Short-Term Bond ETF by 11.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,773 shares of the company’s stock worth $240,000 after buying an additional 492 shares in the last quarter. Burt Wealth Advisors grew its stake in VictoryShares Short-Term Bond ETF by 2.9% in the 4th quarter. Burt Wealth Advisors now owns 7,215 shares of the company’s stock worth $362,000 after buying an additional 205 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in VictoryShares Short-Term Bond ETF by 24.3% in the 4th quarter. Global Retirement Partners LLC now owns 10,121 shares of the company’s stock worth $508,000 after buying an additional 1,979 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

USTB stock opened at $50.51 on Friday. VictoryShares Short-Term Bond ETF has a one year low of $49.70 and a one year high of $50.92. The firm has a 50 day simple moving average of $50.48 and a two-hundred day simple moving average of $50.43.

VictoryShares Short-Term Bond ETF Cuts Dividend

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

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.