VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Large Volume Increase After Dividend Announcement

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw an uptick in trading volume on Tuesday following a dividend announcement from the company. 267,341 shares were traded during mid-day trading, an increase of 44% from the previous session’s volume of 185,986 shares.The stock last traded at $45.71 and had previously closed at $45.89.

The newly announced dividend which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th will be given a dividend of $0.0299 per share. The ex-dividend date of this dividend is Wednesday, January 8th.

VictoryShares Core Intermediate Bond ETF Price Performance

The firm has a 50-day moving average of $46.39 and a 200 day moving average of $46.92.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Princeton Global Asset Management LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth about $292,000. Raymond James Trust N.A. increased its holdings in shares of VictoryShares Core Intermediate Bond ETF by 53.8% during the third quarter. Raymond James Trust N.A. now owns 6,855 shares of the company’s stock worth $329,000 after buying an additional 2,398 shares in the last quarter. Avaii Wealth Management LLC raised its stake in shares of VictoryShares Core Intermediate Bond ETF by 25.6% in the third quarter. Avaii Wealth Management LLC now owns 6,979 shares of the company’s stock valued at $334,000 after acquiring an additional 1,422 shares during the last quarter. Chris Bulman Inc acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the 3rd quarter worth approximately $443,000. Finally, Sanctuary Advisors LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth approximately $520,000.

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.