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

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) hit a new 52-week low during trading on Tuesday . The stock traded as low as $45.98 and last traded at $46.02, with a volume of 6410 shares. The stock had previously closed at $46.03.

VictoryShares Core Intermediate Bond ETF Stock Up 0.0%

The stock’s 50 day moving average is $46.46 and its 200 day moving average is $46.89.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a dividend of $0.1612 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Friday, August 7th.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth approximately $40,000. Motiv8 Investments LLC bought a new stake in VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. grew its holdings in 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 valued at $76,000 after buying an additional 506 shares in the last quarter. Western Wealth Management LLC acquired a new position in VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at $81,000. Finally, Johnson Financial Group Inc. bought a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $127,000.

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.