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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares hit a new 52-week low on Wednesday . The stock traded as low as $45.24 and last traded at $45.2350, with a volume of 18493 shares changing hands. The stock had previously closed at $45.48.

VictoryShares Core Intermediate Bond ETF Price Performance

The stock has a 50-day moving average of $46.02 and a 200-day moving average of $46.56.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were issued a $0.1657 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, September 9th. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UITB. Rockefeller Capital Management L.P. increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 46.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock valued at $76,000 after purchasing an additional 506 shares in the last quarter. Global Retirement Partners LLC lifted its position in VictoryShares Core Intermediate Bond ETF by 9.9% during the fourth quarter. Global Retirement Partners LLC now owns 6,168 shares of the company’s stock valued at $292,000 after purchasing an additional 554 shares during the period. Princeton Global Asset Management LLC grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 8.9% in the first quarter. Princeton Global Asset Management LLC now owns 9,863 shares of the company’s stock worth $464,000 after acquiring an additional 809 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of VictoryShares Core Intermediate Bond ETF by 0.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 149,015 shares of the company’s stock valued at $6,980,000 after purchasing an additional 1,174 shares during the period. Finally, Royal Bank of Canada grew its position in VictoryShares Core Intermediate Bond ETF by 1.0% during the first quarter. Royal Bank of Canada now owns 151,408 shares of the company’s stock valued at $7,119,000 after buying an additional 1,542 shares during the period.

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.