VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 1-Year Low – Should You Sell?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITBGet Free Report) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $45.95 and last traded at $45.99, with a volume of 33916 shares traded. The stock had previously closed at $46.05.

VictoryShares Core Intermediate Bond ETF Stock Down 0.0%

The business has a 50 day simple moving average of $46.36 and a 200-day simple moving average of $46.81.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were given 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 Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Several large investors have recently made changes to their positions in UITB. Victory Capital Management Inc. raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 0.8% during the fourth quarter. Victory Capital Management Inc. now owns 14,850,508 shares of the company’s stock valued at $703,241,000 after buying an additional 123,363 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in VictoryShares Core Intermediate Bond ETF by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,620,717 shares of the company’s stock valued at $266,167,000 after acquiring an additional 25,861 shares during the period. LPL Financial LLC raised its stake in VictoryShares Core Intermediate Bond ETF by 10.4% during the 4th quarter. LPL Financial LLC now owns 2,146,635 shares of the company’s stock valued at $101,653,000 after acquiring an additional 203,071 shares in the last quarter. Bogart Wealth LLC raised its stake in VictoryShares Core Intermediate Bond ETF by 3.6% during the 1st quarter. Bogart Wealth LLC now owns 2,060,745 shares of the company’s stock valued at $96,890,000 after acquiring an additional 70,918 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in VictoryShares Core Intermediate Bond ETF by 8.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,755,500 shares of the company’s stock worth $83,131,000 after acquiring an additional 129,423 shares during the period.

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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