VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 52-Week Low – What’s Next?

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) reached a new 52-week low on Friday . The company traded as low as $46.03 and last traded at $46.03, with a volume of 67842 shares. The stock had previously closed at $46.20.

VictoryShares Core Intermediate Bond ETF Trading Down 0.4%

The company has a fifty day moving average price of $46.59 and a 200 day moving average price of $47.00.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were paid a dividend of $0.18 per share. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date was Thursday, July 9th. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 6.8% in the 1st quarter. Royal Bank of Canada now owns 160,514 shares of the company’s stock worth $7,535,000 after acquiring an additional 10,286 shares during the last quarter. AQR Capital Management LLC acquired a new position in VictoryShares Core Intermediate Bond ETF during the 1st quarter valued at about $333,000. JPMorgan Chase & Co. increased its holdings in VictoryShares Core Intermediate Bond ETF by 2.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 136,331 shares of the company’s stock worth $6,417,000 after purchasing an additional 2,648 shares in the last quarter. Raymond James Financial Inc. increased its holdings in VictoryShares Core Intermediate Bond ETF by 6.2% during the 2nd quarter. Raymond James Financial Inc. now owns 993,575 shares of the company’s stock worth $46,768,000 after purchasing an additional 58,257 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of VictoryShares Core Intermediate Bond ETF by 26.2% in the second quarter. Bank of America Corp DE now owns 1,108,736 shares of the company’s stock worth $52,188,000 after purchasing an additional 230,144 shares during 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.