VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Unusually-High Trading Volume – Time to Buy?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw unusually-high trading volume on Friday. Approximately 384,876 shares were traded during trading, an increase of 115% from the previous session’s volume of 178,645 shares. The stock last traded at $44.6890 and had previously closed at $44.77.

VictoryShares Core Intermediate Bond ETF Price Performance

The business has a 50-day moving average of $45.81 and a 200 day moving average of $46.44.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.1657 per share. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1612. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.99 annualized dividend and a dividend yield of 4.5%.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Several hedge funds have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its stake in VictoryShares Core Intermediate Bond ETF by 46.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock worth $76,000 after acquiring an additional 506 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at approximately $81,000. Ameritas Advisory Services LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the 2nd quarter worth approximately $277,000. Motiv8 Investments LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter worth approximately $65,000. Finally, Princeton Global Asset Management LLC increased its position in shares of VictoryShares Core Intermediate Bond ETF by 8.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 9,863 shares of the company’s stock valued at $464,000 after purchasing an additional 809 shares during 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.