VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Hits New 52-Week High at $48.31

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $48.31 and last traded at $48.24, with a volume of 6364 shares changing hands. The stock had previously closed at $48.29.

VictoryShares Core Intermediate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $47.29 and a two-hundred day simple moving average of $46.41.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 12th. Investors of record on Wednesday, September 11th were issued a dividend of $0.164 per share. This represents a $1.97 dividend on an annualized basis and a yield of 4.08%. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, September 11th.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its stake in VictoryShares Core Intermediate Bond ETF by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 7,670 shares of the company’s stock valued at $356,000 after purchasing an additional 320 shares during the period. Morton Brown Family Wealth LLC purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF during the 2nd quarter worth $30,000. MV Capital Management Inc. acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the 1st quarter worth $39,000. Private Advisor Group LLC lifted its stake in shares of VictoryShares Core Intermediate Bond ETF by 1.9% in the second quarter. Private Advisor Group LLC now owns 52,967 shares of the company’s stock valued at $2,437,000 after purchasing an additional 992 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of VictoryShares Core Intermediate Bond ETF by 3.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 51,907 shares of the company’s stock worth $2,388,000 after acquiring an additional 1,691 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.