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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) reached a new 52-week low on Thursday . The company traded as low as $46.05 and last traded at $46.05, with a volume of 5851 shares trading hands. The stock had previously closed at $46.26.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company has a 50 day simple moving average of $46.62 and a 200-day simple moving average of $47.05.

VictoryShares Core Intermediate Bond ETF Increases Dividend

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

Institutional Trading of VictoryShares Core Intermediate Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new position in VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. bought a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 3rd quarter worth approximately $40,000. Rockefeller Capital Management L.P. lifted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 46.0% in 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 during the last quarter. Western Wealth Management LLC purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at $81,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at $127,000.

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.