VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Raises Dividend to $0.18 Per Share

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) announced a monthly dividend on Wednesday, July 8th, NASDAQ Dividends reports. Stockholders of record on Thursday, July 9th will be given a dividend of 0.18 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Thursday, July 9th. This is a 8.8% increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17.

VictoryShares Core Intermediate Bond ETF Stock Down 0.2%

NASDAQ UITB traded down $0.11 during trading hours on Thursday, hitting $46.45. 65,086 shares of the company’s stock traded hands, compared to its average volume of 176,576. VictoryShares Core Intermediate Bond ETF has a 52-week low of $46.12 and a 52-week high of $48.06. The firm’s 50-day moving average is $46.72 and its 200-day moving average is $47.12.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UITB. MBL Wealth LLC raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 6.7% in the 4th quarter. MBL Wealth LLC now owns 662,549 shares of the company’s stock valued at $31,375,000 after buying an additional 41,767 shares during the period. Greenup Street Wealth Management LLC acquired a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth about $21,013,000. Flow Traders U.S. LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 3rd quarter valued at about $4,067,000. Wealth Advisory Team LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at about $5,985,000. Finally, JPMorgan Chase & Co. grew its position in VictoryShares Core Intermediate Bond ETF by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 151,887 shares of the company’s stock valued at $7,218,000 after acquiring an additional 15,556 shares in the last quarter.

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.