Valmark Advisers Inc. purchased a new position in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 65,266 shares of the company’s stock, valued at approximately $2,914,000. Valmark Advisers Inc. owned approximately 0.11% of VictoryShares Core Intermediate Bond ETF as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at approximately $81,000. Farther Finance Advisors LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 14.5% in the third quarter. Farther Finance Advisors LLC now owns 2,302 shares of the company’s stock valued at $103,000 after buying an additional 291 shares during the last quarter. Signature Equity Partners LLC purchased a new position in VictoryShares Core Intermediate Bond ETF in the third quarter valued at $185,000. Eagle Strategies LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the 3rd quarter valued at about $254,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the 2nd quarter valued at $277,000.
VictoryShares Core Intermediate Bond ETF Stock Performance
NASDAQ UITB traded down $0.07 during trading hours on Friday, hitting $44.86. The company had a trading volume of 158,794 shares, compared to its average volume of 194,949. VictoryShares Core Intermediate Bond ETF has a 1-year low of $44.48 and a 1-year high of $48.06. The business has a 50 day moving average of $45.16 and a 200-day moving average of $46.41.
VictoryShares Core Intermediate Bond ETF Cuts Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, November 6th were issued a $0.1642 dividend. The ex-dividend date of this dividend was Friday, November 6th. This is a decrease from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1861. This represents a $1.97 annualized dividend and a dividend yield of 4.4%.
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.
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