ERn Financial LLC boosted its stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Free Report) by 6.5% in the third quarter, Holdings Channel.com reports. The fund owned 372,558 shares of the company’s stock after buying an additional 22,895 shares during the quarter. VictoryShares Short-Term Bond ETF comprises about 3.0% of ERn Financial LLC’s portfolio, making the stock its 5th largest holding. ERn Financial LLC’s holdings in VictoryShares Short-Term Bond ETF were worth $18,583,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in USTB. Go Invest LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF during the third quarter worth approximately $130,917,000. Stonebridge Financial Group LLC increased its stake in VictoryShares Short-Term Bond ETF by 86.7% in the third quarter. Stonebridge Financial Group LLC now owns 1,731,326 shares of the company’s stock valued at $86,359,000 after purchasing an additional 804,125 shares during the period. Marquette Asset Management LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter worth about $28,106,000. International City Management Association Retirement Corp purchased a new position in shares of VictoryShares Short-Term Bond ETF during the third quarter worth about $22,826,000. Finally, Kirkwood Financial Services acquired a new position in VictoryShares Short-Term Bond ETF in the 2nd quarter valued at about $13,118,000.
VictoryShares Short-Term Bond ETF Stock Up 0.1%
Shares of NASDAQ USTB opened at $50.12 on Friday. The stock has a fifty day moving average price of $50.12 and a 200 day moving average price of $50.53. VictoryShares Short-Term Bond ETF has a 1-year low of $49.80 and a 1-year high of $51.10.
VictoryShares Short-Term Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were issued a dividend of $0.2060 per share. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.1834. This represents a $2.47 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Thursday, October 8th.
About VictoryShares Short-Term Bond ETF
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.
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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).
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