Pinnacle Wealth Management Group Inc. Makes New Investment in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Pinnacle Wealth Management Group Inc. bought a new stake in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 148,364 shares of the company’s stock, valued at approximately $7,111,000. VictoryShares Core Intermediate Bond ETF accounts for 4.5% of Pinnacle Wealth Management Group Inc.’s holdings, making the stock its largest holding. Pinnacle Wealth Management Group Inc. owned about 0.30% of VictoryShares Core Intermediate Bond ETF at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MBL Wealth LLC bought a new position in VictoryShares Core Intermediate Bond ETF in the 2nd quarter worth about $20,609,000. Cetera Investment Advisers purchased a new position in VictoryShares Core Intermediate Bond ETF during the 1st quarter worth $15,418,000. Bank of Montreal Can bought a new stake in VictoryShares Core Intermediate Bond ETF during the 2nd quarter valued at $11,423,000. Horan Capital Advisors LLC. purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter worth $9,204,000. Finally, Newman Dignan & Sheerar Inc. grew its position in shares of VictoryShares Core Intermediate Bond ETF by 221.2% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 262,267 shares of the company’s stock worth $12,067,000 after buying an additional 180,614 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Stock Performance

Shares of UITB stock traded down $0.01 on Friday, hitting $47.16. The stock had a trading volume of 80,114 shares, compared to its average volume of 137,093. VictoryShares Core Intermediate Bond ETF has a one year low of $43.14 and a one year high of $48.31. The business has a 50 day moving average price of $47.72 and a 200 day moving average price of $46.62.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, October 8th were issued a $0.1233 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $1.48 annualized dividend and a dividend yield of 3.14%.

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.