VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sets New 1-Year Low – What’s Next?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $44.51 and last traded at $44.4850, with a volume of 15941 shares traded. The stock had previously closed at $44.74.

VictoryShares Core Intermediate Bond ETF Price Performance

The stock has a 50-day moving average of $45.69 and a 200 day moving average of $46.37.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 9th. Shareholders of record on Thursday, October 8th will be issued a $0.1861 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $2.23 annualized dividend and a yield of 5.0%. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1657.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of VictoryShares Core Intermediate Bond ETF by 46.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock worth $76,000 after acquiring an additional 506 shares in the last quarter. Western Wealth Management LLC acquired a new position in VictoryShares Core Intermediate Bond ETF during the first quarter valued at approximately $81,000. Ameritas Advisory Services LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the second quarter worth $277,000. Motiv8 Investments LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the fourth quarter worth $65,000. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 8.9% in the 1st quarter. Princeton Global Asset Management LLC now owns 9,863 shares of the company’s stock valued at $464,000 after purchasing an additional 809 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.