VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 12-Month Low – What’s Next?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.98 and last traded at $46.02, with a volume of 6410 shares trading hands. The stock had previously closed at $46.03.

VictoryShares Core Intermediate Bond ETF Stock Up 0.4%

The company has a 50 day moving average price of $46.45 and a 200-day moving average price of $46.88.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a dividend of $0.1612 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new position in VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth approximately $40,000. Motiv8 Investments LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. boosted its holdings 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 valued at $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 in the 1st quarter worth about $81,000. Finally, Johnson Financial Group Inc. acquired a new position in VictoryShares Core Intermediate Bond ETF in the 4th quarter worth about $127,000.

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.