VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Large Volume Increase – Here’s Why

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw an uptick in trading volume on Tuesday . 454,467 shares were traded during trading, an increase of 221% from the previous session’s volume of 141,573 shares.The stock last traded at $46.32 and had previously closed at $46.57.

VictoryShares Core Intermediate Bond ETF Stock Performance

The firm’s 50 day moving average price is $47.39 and its 200 day moving average price is $46.80.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were issued a dividend of $0.1594 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.13%. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Thursday, November 7th.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. MBL Wealth LLC purchased a new stake in VictoryShares Core Intermediate Bond ETF in the second quarter worth about $20,609,000. Cetera Investment Advisers purchased a new position in VictoryShares Core Intermediate Bond ETF in the first quarter worth about $15,418,000. Bank of Montreal Can purchased a new stake in VictoryShares Core Intermediate Bond ETF in the 2nd quarter worth about $11,423,000. Financial Services Advisory Inc boosted its position in VictoryShares Core Intermediate Bond ETF by 909.1% in the 3rd quarter. Financial Services Advisory Inc now owns 212,211 shares of the company’s stock valued at $10,171,000 after buying an additional 191,182 shares during the period. Finally, Newman Dignan & Sheerar Inc. raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 221.2% in the second quarter. Newman Dignan & Sheerar Inc. now owns 262,267 shares of the company’s stock valued at $12,067,000 after acquiring an additional 180,614 shares in the last quarter.

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.