VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares saw unusually-strong trading volume on Friday . Approximately 395,515 shares traded hands during mid-day trading, an increase of 135% from the previous session’s volume of 168,321 shares.The stock last traded at $45.9850 and had previously closed at $46.01.

VictoryShares Core Intermediate Bond ETF Trading Down 0.0%

The stock’s 50-day moving average is $46.31 and its 200-day moving average is $46.77.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a dividend of $0.1612 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, August 7th.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

A number of hedge funds have recently made changes to their positions in UITB. Victory Capital Management Inc. lifted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 0.8% during the 4th quarter. Victory Capital Management Inc. now owns 14,850,508 shares of the company’s stock valued at $703,241,000 after acquiring an additional 123,363 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in VictoryShares Core Intermediate Bond ETF by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,620,717 shares of the company’s stock valued at $266,167,000 after purchasing an additional 25,861 shares during the period. LPL Financial LLC raised its position in VictoryShares Core Intermediate Bond ETF by 10.4% in the fourth quarter. LPL Financial LLC now owns 2,146,635 shares of the company’s stock valued at $101,653,000 after purchasing an additional 203,071 shares during the period. Bogart Wealth LLC lifted its stake in shares of VictoryShares Core Intermediate Bond ETF by 3.6% during the first quarter. Bogart Wealth LLC now owns 2,060,745 shares of the company’s stock worth $96,890,000 after purchasing an additional 70,918 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of VictoryShares Core Intermediate Bond ETF by 8.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,755,500 shares of the company’s stock worth $83,131,000 after purchasing an additional 129,423 shares in the last quarter.

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.