VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 52-Week High – Here’s Why

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $47.97 and last traded at $47.92, with a volume of 158402 shares trading hands. The stock had previously closed at $47.87.

VictoryShares Core Intermediate Bond ETF Trading Up 0.1%

The company’s fifty day simple moving average is $47.45 and its two-hundred day simple moving average is $46.88.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, October 9th were issued a dividend of $0.1705 per share. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Thursday, October 9th. This represents a c) annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Several hedge funds have recently added to or reduced their stakes in UITB. Janney Montgomery Scott LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 22.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 34,519 shares of the company’s stock valued at $1,620,000 after acquiring an additional 6,295 shares in the last quarter. Valmark Advisers Inc. increased its holdings in VictoryShares Core Intermediate Bond ETF by 0.7% during the 1st quarter. Valmark Advisers Inc. now owns 32,543 shares of the company’s stock valued at $1,528,000 after acquiring an additional 239 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 7.6% during the 1st quarter. Daymark Wealth Partners LLC now owns 43,016 shares of the company’s stock valued at $2,019,000 after acquiring an additional 3,020 shares in the last quarter. Ferguson Shapiro LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 1.7% during the 1st quarter. Ferguson Shapiro LLC now owns 22,562 shares of the company’s stock valued at $1,059,000 after acquiring an additional 371 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in VictoryShares Core Intermediate Bond ETF during the 1st quarter valued at about $145,000.

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.