Stonebridge Financial Group LLC Increases Stake in VictoryShares Short-Term Bond ETF $USTB

Stonebridge Financial Group LLC raised its position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 5.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 927,201 shares of the company’s stock after purchasing an additional 45,870 shares during the quarter. VictoryShares Short-Term Bond ETF makes up approximately 3.6% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 4th largest holding. Stonebridge Financial Group LLC owned approximately 2.10% of VictoryShares Short-Term Bond ETF worth $46,935,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in USTB. Morgan Stanley lifted its position in shares of VictoryShares Short-Term Bond ETF by 28.8% in the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after purchasing an additional 486,138 shares during the period. Bank of America Corp DE raised its stake in VictoryShares Short-Term Bond ETF by 31.6% during the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after buying an additional 312,543 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in VictoryShares Short-Term Bond ETF by 58,494.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 246,096 shares of the company’s stock worth $12,531,000 after buying an additional 245,676 shares during the last quarter. BlueStem Wealth Partners LLC bought a new position in VictoryShares Short-Term Bond ETF during the fourth quarter worth $10,651,000. Finally, Janney Montgomery Scott LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 378.3% in the first quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock valued at $13,353,000 after buying an additional 208,804 shares during the period.

VictoryShares Short-Term Bond ETF Stock Performance

USTB stock opened at $50.51 on Tuesday. The company’s fifty day simple moving average is $50.53 and its 200 day simple moving average is $50.68. VictoryShares Short-Term Bond ETF has a 12-month low of $50.31 and a 12-month high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a $0.2031 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

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.