Parallel Advisors LLC Takes Position in VictoryShares Short-Term Bond ETF $USTB

Parallel Advisors LLC bought a new stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,966 shares of the company’s stock, valued at approximately $202,000.

Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in VictoryShares Short-Term Bond ETF by 3.7% during the first quarter. Victory Capital Management Inc. now owns 5,311,308 shares of the company’s stock worth $269,018,000 after buying an additional 189,068 shares during the period. LPL Financial LLC boosted its position in VictoryShares Short-Term Bond ETF by 33.8% during the first quarter. LPL Financial LLC now owns 957,969 shares of the company’s stock worth $48,521,000 after acquiring an additional 241,832 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its position in VictoryShares Short-Term Bond ETF by 168.9% during the first quarter. Redhawk Wealth Advisors Inc. now owns 729,554 shares of the company’s stock worth $36,952,000 after acquiring an additional 458,232 shares during the last quarter. Amplius Wealth Advisors LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF in the 1st quarter valued at $31,592,000. Finally, Broadway Wealth Solutions Inc. increased its stake in VictoryShares Short-Term Bond ETF by 9.0% during the first quarter. Broadway Wealth Solutions Inc. now owns 419,321 shares of the company’s stock worth $21,239,000 after acquiring an additional 34,741 shares during the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

Shares of USTB stock opened at $50.97 on Tuesday. The company’s fifty day simple moving average is $50.82 and its 200-day simple moving average is $50.64. VictoryShares Short-Term Bond ETF has a 52 week low of $50.02 and a 52 week high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 9th. Shareholders of record on Monday, September 8th were issued a dividend of $0.1881 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, September 8th.

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.