Merit Financial Group LLC Raises Stock Position in VictoryShares Short-Term Bond ETF $USTB

Merit Financial Group LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 5,778.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,430,797 shares of the company’s stock after buying an additional 2,389,445 shares during the quarter. VictoryShares Short-Term Bond ETF accounts for 1.1% of Merit Financial Group LLC’s investment portfolio, making the stock its 19th largest position. Merit Financial Group LLC owned approximately 7.48% of VictoryShares Short-Term Bond ETF worth $123,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trademark Financial Management LLC increased its position in shares of VictoryShares Short-Term Bond ETF by 11.7% during the third quarter. Trademark Financial Management LLC now owns 43,476 shares of the company’s stock worth $2,217,000 after acquiring an additional 4,562 shares during the period. Perigon Wealth Management LLC lifted its position in VictoryShares Short-Term Bond ETF by 67.5% in the third quarter. Perigon Wealth Management LLC now owns 20,201 shares of the company’s stock valued at $1,030,000 after acquiring an additional 8,140 shares during the last quarter. Lakeridge Wealth Management LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 35.8% in the 3rd quarter. Lakeridge Wealth Management LLC now owns 97,406 shares of the company’s stock valued at $4,967,000 after purchasing an additional 25,685 shares during the last quarter. Apella Capital LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 997.4% in the third quarter. Apella Capital LLC now owns 171,611 shares of the company’s stock valued at $8,754,000 after acquiring an additional 155,973 shares during the period. Finally, Greenup Street Wealth Management LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 43.9% in the 3rd quarter. Greenup Street Wealth Management LLC now owns 7,590 shares of the company’s stock valued at $387,000 after acquiring an additional 2,314 shares during the period.

VictoryShares Short-Term Bond ETF Price Performance

Shares of VictoryShares Short-Term Bond ETF stock opened at $50.99 on Tuesday. VictoryShares Short-Term Bond ETF has a 1 year low of $50.10 and a 1 year high of $51.12. The company’s fifty day moving average is $50.87 and its two-hundred day moving average is $50.90.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 9th were issued a dividend of $0.1831 per share. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, February 9th.

VictoryShares Short-Term Bond ETF Company 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.