VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 1-Year Low – What’s Next?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) reached a new 52-week low during trading on Wednesday . The stock traded as low as $45.24 and last traded at $45.2350, with a volume of 18493 shares changing hands. The stock had previously closed at $45.48.

VictoryShares Core Intermediate Bond ETF Price Performance

The stock’s fifty day moving average is $46.02 and its two-hundred day moving average is $46.56.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.1657 per share. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Wednesday, September 9th. This represents a c) annualized dividend and a yield of 4.4%.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 0.8% in the 4th quarter. Victory Capital Management Inc. now owns 14,850,508 shares of the company’s stock worth $703,241,000 after buying an additional 123,363 shares during the last quarter. Bogart Wealth LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 3.6% in the 1st 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 during the last quarter. Bank of America Corp DE increased its holdings in VictoryShares Core Intermediate Bond ETF by 6.2% in the 1st quarter. Bank of America Corp DE now owns 1,396,762 shares of the company’s stock worth $65,672,000 after acquiring an additional 82,026 shares during the last quarter. Calamos Advisors LLC increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 2,378.1% in the first quarter. Calamos Advisors LLC now owns 1,333,192 shares of the company’s stock worth $62,683,000 after purchasing an additional 1,279,392 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 7.7% in the first quarter. Cetera Investment Advisers now owns 1,283,225 shares of the company’s stock worth $60,333,000 after purchasing an additional 92,074 shares in the last quarter.

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.