Stonebridge Financial Group LLC Purchases 804,125 Shares of VictoryShares Short-Term Bond ETF $USTB

by · The Cerbat Gem

Stonebridge Financial Group LLC grew its stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Free Report) by 86.7% during the third quarter, HoldingsChannel reports. The firm owned 1,731,326 shares of the company’s stock after buying an additional 804,125 shares during the quarter. VictoryShares Short-Term Bond ETF accounts for about 6.2% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its largest holding. Stonebridge Financial Group LLC’s holdings in VictoryShares Short-Term Bond ETF were worth $86,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of America Corp DE increased its position in VictoryShares Short-Term Bond ETF by 10.0% during the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after purchasing an additional 139,855 shares in the last quarter. Marquette Asset Management LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 4.8% during the second quarter. Marquette Asset Management LLC now owns 550,446 shares of the company’s stock worth $27,864,000 after purchasing an additional 25,013 shares during the last quarter. Waverly Advisors LLC grew its holdings in VictoryShares Short-Term Bond ETF by 5.2% during the 2nd quarter. Waverly Advisors LLC now owns 474,980 shares of the company’s stock worth $24,043,000 after acquiring an additional 23,395 shares during the last quarter. Private Advisor Group LLC increased its holdings in VictoryShares Short-Term Bond ETF by 16.7% in the first quarter. Private Advisor Group LLC now owns 464,463 shares of the company’s stock valued at $23,493,000 after purchasing an additional 66,473 shares during the period. Finally, Kintra Wealth LLC raised its position in VictoryShares Short-Term Bond ETF by 8.2% during the 2nd quarter. Kintra Wealth LLC now owns 424,283 shares of the company’s stock worth $21,414,000 after purchasing an additional 32,214 shares during the last quarter.

VictoryShares Short-Term Bond ETF Stock Performance

USTB traded up $0.09 during trading on Thursday, reaching $49.97. 300,027 shares of the stock traded hands, compared to its average volume of 288,705. VictoryShares Short-Term Bond ETF has a 12 month low of $49.84 and a 12 month high of $51.10. The stock’s 50-day moving average is $50.32 and its 200 day moving average is $50.49.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.1834 per share. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1723. The ex-dividend date was Wednesday, September 9th. This represents a $2.20 dividend on an annualized basis and a yield of 4.4%.

VictoryShares Short-Term Bond ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding USTB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Free Report).