VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Strong Trading Volume – Time to Buy?

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw strong trading volume on Friday . 350,593 shares changed hands during mid-day trading, an increase of 187% from the previous session’s volume of 122,353 shares.The stock last traded at $50.70 and had previously closed at $50.66.

VictoryShares Short-Term Bond ETF Price Performance

The stock’s 50 day moving average is $50.36 and its two-hundred day moving average is $50.44.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were given a dividend of $0.1892 per share. The ex-dividend date of this dividend was Friday, February 7th. This is an increase from VictoryShares Short-Term Bond ETF’s previous dividend of $0.04.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several large investors have recently made changes to their positions in USTB. Janney Montgomery Scott LLC bought a new position in VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $294,000. Fifth Third Bancorp acquired a new position in VictoryShares Short-Term Bond ETF during the 4th quarter valued at about $155,000. Stifel Financial Corp boosted its stake in shares of VictoryShares Short-Term Bond ETF by 8.9% in the 3rd quarter. Stifel Financial Corp now owns 51,451 shares of the company’s stock valued at $2,614,000 after purchasing an additional 4,192 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 1.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock valued at $1,872,000 after purchasing an additional 401 shares during the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of VictoryShares Short-Term Bond ETF by 8.6% during the 4th quarter. Atria Wealth Solutions Inc. now owns 51,099 shares of the company’s stock worth $2,565,000 after buying an additional 4,066 shares during the period.

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.