Creative Financial Designs Inc. ADV Raises Stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Creative Financial Designs Inc. ADV lifted its stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 88,435 shares of the company’s stock after purchasing an additional 1,065 shares during the period. Creative Financial Designs Inc. ADV’s holdings in VictoryShares Short-Term Bond ETF were worth $4,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USTB. Fifth Third Bancorp purchased a new position in VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $155,000. Axis Wealth Partners LLC purchased a new position in VictoryShares Short-Term Bond ETF in the 4th quarter valued at approximately $205,000. Avantax Advisory Services Inc. increased 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 valued at $240,000 after purchasing an additional 492 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in VictoryShares Short-Term Bond ETF during the fourth quarter worth $294,000. Finally, Octavia Wealth Advisors LLC boosted its position in VictoryShares Short-Term Bond ETF by 37.9% during the fourth quarter. Octavia Wealth Advisors LLC now owns 5,985 shares of the company’s stock worth $300,000 after purchasing an additional 1,645 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of USTB stock opened at $50.45 on Monday. VictoryShares Short-Term Bond ETF has a fifty-two week low of $49.29 and a fifty-two week high of $50.92. The business has a fifty day simple moving average of $50.40 and a 200-day simple moving average of $50.44.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were issued a dividend of $0.193 per share. This is an increase from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 10th.

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.