VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Hits New 12-Month Low – Should You Sell?

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $45.95 and last traded at $45.99, with a volume of 33916 shares changing hands. The stock had previously closed at $46.05.

VictoryShares Core Intermediate Bond ETF Trading Up 0.1%

The firm has a fifty day moving average of $46.33 and a 200-day moving average of $46.78.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a dividend of $0.1612 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its stake in VictoryShares Core Intermediate Bond ETF by 49.0% in the 2nd quarter. Citadel Advisors LLC now owns 86,454 shares of the company’s stock valued at $4,049,000 after purchasing an additional 28,450 shares during the last quarter. HORAN Wealth LLC boosted its stake in shares of VictoryShares Core Intermediate Bond ETF by 1.5% during the 2nd 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. Ameritas Advisory Services LLC purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF during the second quarter worth about $277,000. Aspire Capital Advisors LLC grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 20.8% during the second quarter. Aspire Capital Advisors LLC now owns 9,904 shares of the company’s stock worth $464,000 after buying an additional 1,705 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter valued at approximately $669,000.

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.