Pinnacle Wealth Management Group Inc. Acquires 9,284 Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB)

Pinnacle Wealth Management Group Inc. lifted its holdings in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) by 7.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 135,147 shares of the company’s stock after purchasing an additional 9,284 shares during the period. VictoryShares Short-Term Bond ETF comprises approximately 4.2% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its 4th largest holding. Pinnacle Wealth Management Group Inc.’s holdings in VictoryShares Short-Term Bond ETF were worth $6,784,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of USTB. Fortitude Family Office LLC bought a new position in VictoryShares Short-Term Bond ETF in the third quarter worth about $91,000. Octavia Wealth Advisors LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth approximately $221,000. Burt Wealth Advisors lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 5.3% in the 3rd quarter. Burt Wealth Advisors now owns 7,010 shares of the company’s stock worth $356,000 after purchasing an additional 350 shares during the last quarter. Private Client Services LLC acquired a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at approximately $404,000. Finally, Squire Investment Management Company LLC bought a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter worth $431,000.

VictoryShares Short-Term Bond ETF Trading Up 0.0 %

USTB stock opened at $50.10 on Tuesday. VictoryShares Short-Term Bond ETF has a 1 year low of $49.29 and a 1 year high of $50.92. The stock’s fifty day moving average is $50.27 and its two-hundred day moving average is $50.37.

VictoryShares Short-Term Bond ETF Cuts Dividend

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