VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 12-Month Low – Here’s Why

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITBGet Free Report) hit a new 52-week low during 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 Performance

The firm’s 50 day moving average price is $46.46 and its two-hundred day moving average price is $46.89.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. bought a new stake in VictoryShares Core Intermediate Bond ETF in the 3rd quarter valued at $40,000. Motiv8 Investments LLC acquired a new stake in VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at $65,000. Rockefeller Capital Management L.P. boosted its position in 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 worth $76,000 after purchasing an additional 506 shares during the period. Western Wealth Management LLC bought a new position in VictoryShares Core Intermediate Bond ETF during the first quarter worth $81,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at $127,000.

About VictoryShares Core Intermediate Bond ETF

(Get Free Report)

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.

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