VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Strong Trading Volume – What’s Next?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares saw strong trading volume on Tuesday . 267,341 shares traded hands during mid-day trading, an increase of 44% from the previous session’s volume of 185,986 shares.The stock last traded at $45.71 and had previously closed at $45.89.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company’s fifty day moving average is $46.44 and its 200-day moving average is $46.94.

VictoryShares Core Intermediate Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, December 12th were issued a $0.2843 dividend. The ex-dividend date was Thursday, December 12th.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of UITB. Janney Montgomery Scott LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 299.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 27,338 shares of the company’s stock valued at $1,310,000 after buying an additional 20,498 shares during the period. Envestnet Asset Management Inc. increased its stake in VictoryShares Core Intermediate Bond ETF by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 56,130 shares of the company’s stock valued at $2,583,000 after acquiring an additional 2,729 shares during the period. Thrivent Financial for Lutherans raised its position in VictoryShares Core Intermediate Bond ETF by 96.2% in the third quarter. Thrivent Financial for Lutherans now owns 28,995 shares of the company’s stock worth $1,390,000 after purchasing an additional 14,216 shares in the last quarter. Alliance Wealth Advisors LLC raised its position in VictoryShares Core Intermediate Bond ETF by 8.8% in the third quarter. Alliance Wealth Advisors LLC now owns 495,032 shares of the company’s stock worth $23,727,000 after purchasing an additional 39,917 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in VictoryShares Core Intermediate Bond ETF by 91.9% during the third quarter. Raymond James & Associates now owns 337,094 shares of the company’s stock worth $16,157,000 after purchasing an additional 161,474 shares during the period.

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.