Orion Portfolio Solutions LLC Sells 70,220 Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Orion Portfolio Solutions LLC reduced its stake in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) by 4.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,572,636 shares of the company’s stock after selling 70,220 shares during the quarter. VictoryShares Core Intermediate Bond ETF comprises about 1.7% of Orion Portfolio Solutions LLC’s investment portfolio, making the stock its 16th largest position. Orion Portfolio Solutions LLC’s holdings in VictoryShares Core Intermediate Bond ETF were worth $75,376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its holdings in shares of VictoryShares Core Intermediate Bond ETF by 299.7% in the third quarter. Janney Montgomery Scott LLC now owns 27,338 shares of the company’s stock worth $1,310,000 after acquiring an additional 20,498 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in VictoryShares Core Intermediate Bond ETF by 5.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 56,130 shares of the company’s stock worth $2,583,000 after purchasing an additional 2,729 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in VictoryShares Core Intermediate Bond ETF by 96.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,995 shares of the company’s stock worth $1,390,000 after buying an additional 14,216 shares during the period. Alliance Wealth Advisors LLC lifted its stake 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 valued at $23,727,000 after buying an additional 39,917 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 58.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 14,215 shares of the company’s stock valued at $654,000 after buying an additional 5,244 shares during the period.

VictoryShares Core Intermediate Bond ETF Price Performance

Shares of UITB stock opened at $47.14 on Friday. VictoryShares Core Intermediate Bond ETF has a 12-month low of $45.00 and a 12-month high of $48.31. The firm has a fifty day moving average of $46.90 and a 200-day moving average of $46.91.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, November 7th were paid a $0.1594 dividend. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date was Thursday, November 7th. This represents a $1.91 annualized dividend and a dividend yield of 4.06%.

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.