VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 1-Year Low – Here’s Why

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares reached a new 52-week low during trading on Friday . The company traded as low as $46.03 and last traded at $46.03, with a volume of 67842 shares changing hands. The stock had previously closed at $46.20.

VictoryShares Core Intermediate Bond ETF Price Performance

The firm has a fifty day simple moving average of $46.59 and a two-hundred day simple moving average of $46.99.

VictoryShares Core Intermediate Bond ETF Increases Dividend

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

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Bay Advisors LLC bought a new stake in shares of VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at about $27,000. PNC Financial Services Group Inc. purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the third quarter valued at about $40,000. Motiv8 Investments LLC bought a new position in VictoryShares Core Intermediate Bond ETF in the fourth quarter worth about $65,000. Rockefeller Capital Management L.P. raised its stake in VictoryShares Core Intermediate Bond ETF by 46.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock worth $76,000 after buying an additional 506 shares in the last quarter. Finally, Western Wealth Management LLC purchased a new stake in VictoryShares Core Intermediate Bond ETF in the first quarter worth about $81,000.

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.