VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Unusually-High Trading Volume – Still a Buy?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITBGet Free Report) shares saw strong trading volume on Friday . Approximately 395,515 shares changed hands during mid-day trading, an increase of 135% from the previous session’s volume of 168,321 shares.The stock last traded at $45.9850 and had previously closed at $46.01.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company’s 50 day moving average price is $46.29 and its 200 day moving average price is $46.76.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Several hedge funds have recently bought and sold shares of UITB. Citadel Advisors LLC lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 49.0% in the second quarter. Citadel Advisors LLC now owns 86,454 shares of the company’s stock worth $4,049,000 after buying an additional 28,450 shares during the last quarter. HORAN Wealth LLC raised its stake in shares of VictoryShares Core Intermediate Bond ETF by 1.5% in the 2nd quarter. HORAN Wealth LLC now owns 417,413 shares of the company’s stock valued at $19,551,000 after acquiring an additional 6,311 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF in the 2nd quarter valued at approximately $277,000. Aspire Capital Advisors LLC lifted its holdings in VictoryShares Core Intermediate Bond ETF by 20.8% in the 2nd quarter. Aspire Capital Advisors LLC now owns 9,904 shares of the company’s stock worth $464,000 after purchasing an additional 1,705 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new stake in VictoryShares Core Intermediate Bond ETF in the 2nd quarter worth approximately $669,000.

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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