VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Strong Trading Volume – Still a Buy?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares saw unusually-high trading volume on Wednesday . Approximately 1,306,265 shares traded hands during trading, an increase of 522% from the previous session’s volume of 209,930 shares.The stock last traded at $47.05 and had previously closed at $47.02.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company has a 50-day moving average of $47.40 and a 200-day moving average of $47.49.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.1617 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Tuesday, March 10th.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 46.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock worth $76,000 after purchasing an additional 506 shares during the period. Crusonia Wealth Advisors LLC bought a new position in VictoryShares Core Intermediate Bond ETF during the fourth quarter worth $16,355,000. Gotham Asset Management LLC raised its stake in VictoryShares Core Intermediate Bond ETF by 72.6% during the fourth quarter. Gotham Asset Management LLC now owns 53,047 shares of the company’s stock worth $2,512,000 after buying an additional 22,315 shares during the last quarter. AQR Capital Management LLC lifted its holdings in VictoryShares Core Intermediate Bond ETF by 29.0% in the fourth quarter. AQR Capital Management LLC now owns 9,159 shares of the company’s stock valued at $434,000 after buying an additional 2,059 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in VictoryShares Core Intermediate Bond ETF by 14.7% in the fourth quarter. Cetera Investment Advisers now owns 1,191,151 shares of the company’s stock valued at $56,407,000 after buying an additional 152,290 shares during the period.

About VictoryShares Core Intermediate Bond ETF

The Victory Portfolios II VictoryShares Core Intermediate Bond ETF (UITB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three to ten years. UITB was launched on Oct 24, 2017 and is managed by VictoryShares.