Cornerstone Planning Group Dumps 245K USTB Shares for $12.5 Million

Core Insights - Cornerstone Planning Group LLC significantly reduced its position in VictoryShares USAA Core Short-Term Bond ETF by selling 245,575 shares for approximately $12.48 million during Q3 2025 [1][2][8] - The remaining holding of the ETF is only 420 shares, valued at $25,360 as of September 30, 2025 [2][3] Company Overview - The total assets under management (AUM) for VictoryShares USAA Core Short-Term Bond ETF is $1.6 billion [4] - As of November 3, 2025, the ETF's price was $50.93, with a dividend yield of 4.66% and a one-year total return of 1.01% [4][3] Investment Strategy - The ETF focuses on short-term debt securities with a dollar-weighted average portfolio maturity of three years or less, aiming to provide income [5][6] - It may allocate up to 20% of its portfolio to foreign debt securities, including those from emerging markets and non-U.S. dollar bonds [5][6] Performance Metrics - As of November 3, 2025, the ETF's price was 0.38% below its 52-week high, and it lagged the S&P 500 by 14.26 percentage points over the past year [3] - The fund has produced a lifetime gain of only 1.34%, which may have influenced Cornerstone's decision to sell [8][10] Market Sentiment - Despite being a healthy dividend producer, the ETF has disappointed many investors due to its performance and high expense ratio of 0.35% [9][10] - The ETF's price peaked in 2021 but has not recovered to those levels by 2025, leading to concerns about its growth potential beyond dividends [11]