VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 12-Month Low – Time to Sell?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $45.77 and last traded at $45.7950, with a volume of 8386 shares. The stock had previously closed at $45.94.

VictoryShares Core Intermediate Bond ETF Stock Down 0.6%

The business has a fifty day moving average of $46.21 and a 200 day moving average of $46.70.

VictoryShares Core Intermediate Bond ETF Increases Dividend

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

Institutional Trading of VictoryShares Core Intermediate Bond ETF

A number of hedge funds have recently modified their holdings of UITB. Keystone Financial Group boosted its holdings in VictoryShares Core Intermediate Bond ETF by 3.0% during the third quarter. Keystone Financial Group now owns 9,925 shares of the company’s stock worth $472,000 after purchasing an additional 291 shares during the last quarter. Private Advisor Group LLC lifted its position in VictoryShares Core Intermediate Bond ETF by 0.3% during the 3rd quarter. Private Advisor Group LLC now owns 90,285 shares of the company’s stock worth $4,290,000 after buying an additional 301 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in VictoryShares Core Intermediate Bond ETF by 0.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 47,248 shares of the company’s stock worth $2,245,000 after buying an additional 301 shares in the last quarter. Betterment LLC boosted its stake in shares of VictoryShares Core Intermediate Bond ETF by 5.3% during the 4th quarter. Betterment LLC now owns 6,312 shares of the company’s stock worth $299,000 after buying an additional 318 shares during the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 0.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 37,882 shares of the company’s stock valued at $1,800,000 after acquiring an additional 319 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.