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

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

VictoryShares Core Intermediate Bond ETF Stock Performance

The firm’s 50-day simple moving average is $46.62 and its 200-day simple moving average is $47.05.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a $0.18 dividend. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17. 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%.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of UITB. Calamos Advisors LLC boosted its position in VictoryShares Core Intermediate Bond ETF by 2,378.1% during the 1st quarter. Calamos Advisors LLC now owns 1,333,192 shares of the company’s stock valued at $62,683,000 after buying an additional 1,279,392 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of VictoryShares Core Intermediate Bond ETF by 5,030.8% in the second quarter. Orion Porfolio Solutions LLC now owns 700,609 shares of the company’s stock valued at $32,978,000 after acquiring an additional 686,954 shares during the period. Greenup Street Wealth Management LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at about $21,013,000. Blue Water Asset Management bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at about $19,596,000. Finally, Crusonia Wealth Advisors LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at about $16,355,000.

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.