VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 12-Month Low – Here’s What Happened

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $46.03 and last traded at $46.03, with a volume of 67842 shares. The stock had previously closed at $46.20.

VictoryShares Core Intermediate Bond ETF Stock Down 0.4%

The company has a fifty day moving average of $46.59 and a 200 day moving average of $47.00.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a dividend of $0.18 per share. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UITB. Victory Capital Management Inc. grew its stake in VictoryShares Core Intermediate Bond ETF by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 14,850,508 shares of the company’s stock worth $703,241,000 after purchasing an additional 123,363 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of VictoryShares Core Intermediate Bond ETF by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,620,717 shares of the company’s stock worth $266,167,000 after buying an additional 25,861 shares during the period. LPL Financial LLC increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 10.4% in the 4th quarter. LPL Financial LLC now owns 2,146,635 shares of the company’s stock valued at $101,653,000 after acquiring an additional 203,071 shares in the last quarter. Bogart Wealth LLC boosted its stake in VictoryShares Core Intermediate Bond ETF by 3.6% during the first quarter. Bogart Wealth LLC now owns 2,060,745 shares of the company’s stock worth $96,890,000 after acquiring an additional 70,918 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in VictoryShares Core Intermediate Bond ETF by 8.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,755,500 shares of the company’s stock valued at $83,131,000 after purchasing an additional 129,423 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Company Profile

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.