LPL Financial LLC Has $35.95 Million Stake in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

LPL Financial LLC grew its position in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 97.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 716,137 shares of the company’s stock after acquiring an additional 354,102 shares during the period. LPL Financial LLC’s holdings in VictoryShares Short-Term Bond ETF were worth $35,950,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $155,000. Axis Wealth Partners LLC acquired a new stake in VictoryShares Short-Term Bond ETF during the fourth quarter worth $205,000. Avantax Advisory Services Inc. grew its holdings in shares of VictoryShares Short-Term Bond ETF by 11.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,773 shares of the company’s stock worth $240,000 after purchasing an additional 492 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $294,000. Finally, Octavia Wealth Advisors LLC raised its holdings in shares of VictoryShares Short-Term Bond ETF by 37.9% in the fourth quarter. Octavia Wealth Advisors LLC now owns 5,985 shares of the company’s stock valued at $300,000 after buying an additional 1,645 shares during the last quarter.

VictoryShares Short-Term Bond ETF Trading Up 0.1 %

Shares of USTB stock opened at $50.64 on Friday. The firm’s 50 day moving average is $50.47 and its 200-day moving average is $50.43. VictoryShares Short-Term Bond ETF has a 1 year low of $49.29 and a 1 year high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

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

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.