Merit Financial Group LLC Takes Position in VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Merit Financial Group LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 54,663 shares of the company’s stock, valued at approximately $2,744,000. Merit Financial Group LLC owned about 0.30% of VictoryShares Short-Term Bond ETF as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 8.9% during the third quarter. Stifel Financial Corp now owns 51,451 shares of the company’s stock worth $2,614,000 after purchasing an additional 4,192 shares during the period. Orion Portfolio Solutions LLC boosted its position in VictoryShares Short-Term Bond ETF by 1.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock worth $1,872,000 after purchasing an additional 401 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 1.5% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 160,406 shares of the company’s stock valued at $8,150,000 after purchasing an additional 2,346 shares in the last quarter. Concourse Financial Group Securities Inc. grew its position in VictoryShares Short-Term Bond ETF by 28.7% during the third quarter. Concourse Financial Group Securities Inc. now owns 26,467 shares of the company’s stock valued at $1,345,000 after buying an additional 5,902 shares during the period. Finally, Darrow Company Inc. increased its holdings in VictoryShares Short-Term Bond ETF by 20.8% in the third quarter. Darrow Company Inc. now owns 57,001 shares of the company’s stock valued at $2,896,000 after buying an additional 9,811 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Performance

NASDAQ:USTB opened at $50.27 on Monday. VictoryShares Short-Term Bond ETF has a 52 week low of $49.29 and a 52 week high of $50.92. The stock’s 50-day moving average price is $50.26 and its 200-day moving average price is $50.38.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were given a dividend of $0.0439 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

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.