384,580 Shares in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Bought by Broadway Wealth Solutions Inc.

Broadway Wealth Solutions Inc. purchased a new stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) during the 4th quarter, Holdings Channel.com reports. The fund purchased 384,580 shares of the company’s stock, valued at approximately $19,306,000. VictoryShares Short-Term Bond ETF makes up 14.6% of Broadway Wealth Solutions Inc.’s investment portfolio, making the stock its 2nd largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its position in VictoryShares Short-Term Bond ETF by 53.7% in the third quarter. Integrated Wealth Concepts LLC now owns 29,697 shares of the company’s stock worth $1,509,000 after purchasing an additional 10,371 shares in the last quarter. IHT Wealth Management LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 124.5% during the 3rd quarter. IHT Wealth Management LLC now owns 14,299 shares of the company’s stock worth $727,000 after buying an additional 7,929 shares during the period. Stifel Financial Corp boosted its stake in 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 buying an additional 4,192 shares in the last quarter. Orion Portfolio Solutions LLC grew its position in VictoryShares Short-Term Bond ETF by 1.1% in the third quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock valued at $1,872,000 after acquiring an additional 401 shares during the period. Finally, Pine Valley Investments Ltd Liability Co raised its stake in VictoryShares Short-Term Bond ETF by 12.7% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 117,976 shares of the company’s stock worth $5,994,000 after acquiring an additional 13,266 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Up 0.1 %

USTB opened at $50.59 on Friday. The firm’s 50-day simple moving average is $50.47 and its 200-day simple moving average is $50.43. VictoryShares Short-Term Bond ETF has a twelve month low of $49.29 and a twelve month high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 11th. Stockholders of record on Monday, March 10th were issued a dividend of $0.193 per share. This is a positive change from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19. The ex-dividend date 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.