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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $44.67 and last traded at $44.71, with a volume of 21665 shares changing hands. The stock had previously closed at $44.76.

VictoryShares Core Intermediate Bond ETF Stock Performance

The business has a 50 day simple moving average of $45.90 and a 200-day simple moving average of $46.49.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were issued a $0.1657 dividend. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1612. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Wednesday, September 9th.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Motiv8 Investments LLC bought a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 46.0% in 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 during the last quarter. Western Wealth Management LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the first quarter valued at about $81,000. Ameritas Advisory Services LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the second quarter valued at about $277,000. Finally, Princeton Global Asset Management LLC boosted its holdings in VictoryShares Core Intermediate Bond ETF by 8.9% during the first quarter. Princeton Global Asset Management LLC now owns 9,863 shares of the company’s stock worth $464,000 after purchasing an additional 809 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.