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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $44.51 and last traded at $44.4850, with a volume of 15,941 shares changing hands. The stock had previously closed at $44.74.

VictoryShares Core Intermediate Bond ETF Price Performance

The firm has a fifty day moving average of $45.63 and a 200 day moving average of $46.34.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were issued a dividend of $0.1861 per share. This represents a $2.23 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Thursday, October 8th. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.1657.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of VictoryShares Core Intermediate Bond ETF by 0.8% during the 4th 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 grew its position in VictoryShares Core Intermediate Bond ETF by 6.7% in the fourth 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 increased its stake in VictoryShares Core Intermediate Bond ETF by 10.6% during the first 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 last quarter. Tenet Wealth Partners LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the second quarter worth approximately $1,190,000. Finally, Nicolet Advisory Services LLC raised its position in VictoryShares Core Intermediate Bond ETF by 9.9% during the fourth quarter. Nicolet Advisory Services LLC now owns 389,946 shares of the company’s stock valued at $18,481,000 after purchasing an additional 35,216 shares during the period.

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.