VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Stock Cross Below 50 Day Moving Average – Time to Sell?

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $45.19 and traded as low as $44.92. VictoryShares Core Intermediate Bond ETF shares last traded at $44.93, with a volume of 220,218 shares traded.

VictoryShares Core Intermediate Bond ETF Trading Down 0.6%

The business has a fifty day moving average price of $45.19 and a 200 day moving average price of $46.42.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 9th. Investors of record on Friday, November 6th were given a dividend of $0.1642 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.4%. This is a decrease from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1861. The ex-dividend date of this dividend was Friday, November 6th.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Several large investors have recently bought and sold shares of UITB. Bogart Wealth LLC boosted its holdings in VictoryShares Core Intermediate Bond ETF by 7.7% in the 3rd quarter. Bogart Wealth LLC now owns 2,339,157 shares of the company’s stock valued at $104,428,000 after purchasing an additional 166,350 shares during the period. Bank of America Corp DE increased its holdings in shares of VictoryShares Core Intermediate Bond ETF by 6.2% during the 1st quarter. Bank of America Corp DE now owns 1,396,762 shares of the company’s stock worth $65,672,000 after purchasing an additional 82,026 shares during the period. Cetera Investment Advisers raised its position in shares of VictoryShares Core Intermediate Bond ETF by 7.7% during the first quarter. Cetera Investment Advisers now owns 1,283,225 shares of the company’s stock valued at $60,333,000 after buying an additional 92,074 shares during the last quarter. Calamos Wealth Management LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the third quarter valued at about $56,637,000. Finally, Allen Capital Group LLC raised its position in shares of VictoryShares Core Intermediate Bond ETF by 8.2% during the first quarter. Allen Capital Group LLC now owns 1,113,941 shares of the company’s stock valued at $52,374,000 after buying an additional 84,462 shares during the last quarter.

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.