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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s share price hit a new 52-week low on Wednesday. The company traded as low as $45.24 and last traded at $45.2350, with a volume of 18493 shares changing hands. The stock had previously closed at $45.48.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company has a 50 day simple moving average of $45.96 and a 200 day simple moving average of $46.52.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were issued a dividend of $0.1657 per share. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Wednesday, September 9th. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1612.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. grew its stake in shares of VictoryShares Core Intermediate Bond ETF by 0.8% in 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 in the last quarter. Sargent Investment Group LLC lifted its position in VictoryShares Core Intermediate Bond ETF by 6.7% during the 4th quarter. Sargent Investment Group LLC now owns 402,182 shares of the company’s stock worth $19,045,000 after acquiring an additional 25,207 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in VictoryShares Core Intermediate Bond ETF by 10.6% in the 1st quarter. Sanctuary Advisors LLC now owns 336,477 shares of the company’s stock worth $15,820,000 after acquiring an additional 32,122 shares during the period. Nicolet Advisory Services LLC boosted its holdings in VictoryShares Core Intermediate Bond ETF by 9.9% in the 4th quarter. Nicolet Advisory Services LLC now owns 389,946 shares of the company’s stock worth $18,481,000 after acquiring an additional 35,216 shares during the period. Finally, Allen Capital Group LLC grew its position in VictoryShares Core Intermediate Bond ETF by 8.2% in the first quarter. Allen Capital Group LLC now owns 1,113,941 shares of the company’s stock valued at $52,374,000 after acquiring an additional 84,462 shares in the last quarter.

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.