VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Reaches New 1-Year High – Should You Buy?

Shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITBGet Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $48.05 and last traded at $47.9950, with a volume of 25714 shares. The stock had previously closed at $47.91.

VictoryShares Core Intermediate Bond ETF Price Performance

The company has a 50-day simple moving average of $47.50 and a 200 day simple moving average of $47.50.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Investors of record on Monday, February 9th were paid a $0.1602 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a c) annualized dividend and a yield of 4.0%. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.03.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Several large investors have recently added to or reduced their stakes in UITB. Eagle Bay Advisors LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter worth approximately $27,000. Farmers & Merchants Investments Inc. bought a new position in VictoryShares Core Intermediate Bond ETF in the third quarter worth approximately $33,000. PNC Financial Services Group Inc. purchased a new position in VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth $40,000. Motiv8 Investments LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at $65,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter worth $127,000.

VictoryShares Core Intermediate Bond ETF Company Profile

(Get Free Report)

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.

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