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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $45.77 and last traded at $45.7950, with a volume of 8386 shares changing hands. The stock had previously closed at $45.94.

VictoryShares Core Intermediate Bond ETF Stock Down 0.6%

The stock’s 50 day simple moving average is $46.25 and its 200 day simple moving average is $46.73.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th will be paid a $0.1657 dividend. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, September 9th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Insight Wealth Partners LLC boosted its stake in shares of VictoryShares Core Intermediate Bond ETF by 11.5% in the 2nd quarter. Insight Wealth Partners LLC now owns 152,068 shares of the company’s stock valued at $7,123,000 after purchasing an additional 15,656 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in VictoryShares Core Intermediate Bond ETF by 0.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 149,015 shares of the company’s stock worth $6,980,000 after purchasing an additional 1,174 shares during the period. Citadel Advisors LLC lifted its stake in 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 purchasing an additional 28,450 shares during the last quarter. HORAN Wealth LLC lifted its stake in VictoryShares Core Intermediate Bond ETF by 1.5% in the second quarter. HORAN Wealth LLC now owns 417,413 shares of the company’s stock worth $19,551,000 after purchasing an additional 6,311 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in VictoryShares Core Intermediate Bond ETF during the second quarter valued at about $277,000.

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.