VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Large Volume Increase

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw strong trading volume on Friday . 452,359 shares traded hands during mid-day trading, an increase of 234% from the previous session’s volume of 135,347 shares.The stock last traded at $45.72 and had previously closed at $45.50.

VictoryShares Core Intermediate Bond ETF Stock Performance

The company has a 50 day simple moving average of $45.86 and a 200 day simple moving average of $45.79.

VictoryShares Core Intermediate Bond ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Investors of record on Friday, April 12th were given a dividend of $0.1561 per share. This represents a $1.87 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter worth $34,000. MV Capital Management Inc. acquired a new position in VictoryShares Core Intermediate Bond ETF in the 1st quarter worth about $39,000. Fifth Third Bancorp bought a new position in VictoryShares Core Intermediate Bond ETF in the first quarter valued at about $51,000. Concourse Financial Group Securities Inc. acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the third quarter valued at about $56,000. Finally, Aspire Capital Advisors LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at about $227,000.

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.