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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $45.95 and last traded at $45.99, with a volume of 33916 shares trading hands. The stock had previously closed at $46.05.

VictoryShares Core Intermediate Bond ETF Price Performance

The firm’s fifty day moving average is $46.36 and its two-hundred day moving average is $46.81.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UITB. Royal Bank of Canada boosted its stake in VictoryShares Core Intermediate Bond ETF by 6.8% during the 1st quarter. Royal Bank of Canada now owns 160,514 shares of the company’s stock valued at $7,535,000 after purchasing an additional 10,286 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter worth $333,000. JPMorgan Chase & Co. lifted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 136,331 shares of the company’s stock valued at $6,417,000 after buying an additional 2,648 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 6.2% in the second quarter. Raymond James Financial Inc. now owns 993,575 shares of the company’s stock valued at $46,768,000 after buying an additional 58,257 shares during the period. Finally, Bank of America Corp DE boosted its stake in VictoryShares Core Intermediate Bond ETF by 26.2% during the second quarter. Bank of America Corp DE now owns 1,108,736 shares of the company’s stock valued at $52,188,000 after buying an additional 230,144 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.