Fifth Third Bancorp Grows Position in VictoryShares Short-Term Bond ETF $USTB

Fifth Third Bancorp grew its position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 414.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,696 shares of the company’s stock after acquiring an additional 15,866 shares during the quarter. Fifth Third Bancorp’s holdings in VictoryShares Short-Term Bond ETF were worth $996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of USTB. Victory Capital Management Inc. grew its holdings in shares of VictoryShares Short-Term Bond ETF by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after purchasing an additional 14,801 shares in the last quarter. Merit Financial Group LLC raised its stake in VictoryShares Short-Term Bond ETF by 6.9% during the fourth quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock valued at $132,118,000 after purchasing an additional 167,898 shares in the last quarter. Morgan Stanley raised its position in shares of VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after buying an additional 486,138 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 6.8% in the 3rd quarter. Bank of America Corp DE now owns 1,390,580 shares of the company’s stock worth $70,906,000 after purchasing an additional 88,108 shares during the period. Finally, LPL Financial LLC boosted its stake in VictoryShares Short-Term Bond ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after buying an additional 96,021 shares during the period.

VictoryShares Short-Term Bond ETF Stock Performance

VictoryShares Short-Term Bond ETF stock opened at $50.39 on Monday. VictoryShares Short-Term Bond ETF has a 12-month low of $50.34 and a 12-month high of $51.12. The firm has a 50-day moving average price of $50.54 and a 200-day moving average price of $50.70.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a dividend of $0.2031 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

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.