VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 12-Month Low – Time to Sell?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) reached a new 52-week low 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 Trading Down 0.6%

The firm has a fifty day moving average of $46.25 and a two-hundred day moving average of $46.73.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th will be given a $0.1657 dividend. The ex-dividend date is Wednesday, September 9th. 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%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Calamos Advisors LLC raised 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 purchasing an additional 1,279,392 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in VictoryShares Core Intermediate Bond ETF by 5,030.8% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 700,609 shares of the company’s stock valued at $32,978,000 after purchasing an additional 686,954 shares during the period. Blue Water Asset Management bought a new position in VictoryShares Core Intermediate Bond ETF in the 4th quarter worth $19,596,000. Crusonia Wealth Advisors LLC bought a new position in VictoryShares Core Intermediate Bond ETF in the 4th quarter worth $16,355,000. Finally, Bank of America Corp DE lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 26.2% in the 2nd quarter. Bank of America Corp DE now owns 1,108,736 shares of the company’s stock worth $52,188,000 after purchasing an additional 230,144 shares during the period.

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.