Royal Bank of Canada Buys 24,982 Shares of VictoryShares Short-Term Bond ETF $USTB

Royal Bank of Canada lifted its stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 234,309 shares of the company’s stock after acquiring an additional 24,982 shares during the quarter. Royal Bank of Canada’s holdings in VictoryShares Short-Term Bond ETF were worth $11,851,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of USTB. StoneX Group Inc. boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 3.8% in the fourth quarter. StoneX Group Inc. now owns 5,827 shares of the company’s stock valued at $296,000 after purchasing an additional 212 shares during the period. Intrua Financial LLC increased its holdings in VictoryShares Short-Term Bond ETF by 2.3% during the 4th quarter. Intrua Financial LLC now owns 9,653 shares of the company’s stock worth $491,000 after purchasing an additional 214 shares during the period. Advisory Services Network LLC raised its position in VictoryShares Short-Term Bond ETF by 1.4% during the 4th quarter. Advisory Services Network LLC now owns 23,176 shares of the company’s stock valued at $1,178,000 after purchasing an additional 318 shares in the last quarter. Midwest Capital Advisors LLC raised its position in VictoryShares Short-Term Bond ETF by 0.4% during the 4th quarter. Midwest Capital Advisors LLC now owns 104,147 shares of the company’s stock valued at $5,295,000 after purchasing an additional 399 shares in the last quarter. Finally, IHT Wealth Management LLC raised its position in VictoryShares Short-Term Bond ETF by 5.1% during the 2nd quarter. IHT Wealth Management LLC now owns 10,299 shares of the company’s stock valued at $523,000 after purchasing an additional 500 shares in the last quarter.

VictoryShares Short-Term Bond ETF Trading Down 0.2%

Shares of USTB stock opened at $50.42 on Friday. VictoryShares Short-Term Bond ETF has a twelve month low of $50.31 and a twelve month high of $51.12. The stock has a fifty day simple moving average of $50.52 and a two-hundred day simple moving average of $50.67.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Friday, August 7th will be issued a $0.1723 dividend. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Friday, August 7th.

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.