VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 52-Week Low – What’s Next?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $46.05 and last traded at $46.05, with a volume of 5851 shares traded. The stock had previously closed at $46.26.

VictoryShares Core Intermediate Bond ETF Trading Up 0.1%

The business has a 50-day moving average of $46.60 and a 200-day moving average of $47.03.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.18 per share. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Institutional investors have recently made changes to their positions in the company. MBL Wealth LLC lifted its stake in VictoryShares Core Intermediate Bond ETF by 6.7% in the fourth quarter. MBL Wealth LLC now owns 662,549 shares of the company’s stock valued at $31,375,000 after acquiring an additional 41,767 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $21,013,000. Wealth Advisory Team LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $5,985,000. JPMorgan Chase & Co. raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 11.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 151,887 shares of the company’s stock valued at $7,218,000 after purchasing an additional 15,556 shares in the last quarter. Finally, Blue Water Asset Management bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at $19,596,000.

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.