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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw unusually-high trading volume on Thursday following a dividend announcement from the company. Approximately 457,752 shares changed hands during trading, an increase of 66% from the previous session’s volume of 275,826 shares.The stock last traded at $46.52 and had previously closed at $46.56.

The newly announced dividend which will be paid on Monday, February 10th. Investors of record on Friday, February 7th will be paid a dividend of $0.1528 per share. The ex-dividend date is Friday, February 7th. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous dividend of $0.03.

VictoryShares Core Intermediate Bond ETF Price Performance

The company has a 50 day moving average price of $46.17 and a 200 day moving average price of $46.87.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

A number of large investors have recently bought and sold shares of the business. Klingenstein Fields & Co. LP raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 3.3% during the fourth quarter. Klingenstein Fields & Co. LP now owns 11,545 shares of the company’s stock valued at $531,000 after acquiring an additional 366 shares during the last quarter. NewEdge Wealth LLC boosted its position in VictoryShares Core Intermediate Bond ETF by 1.1% during the fourth quarter. NewEdge Wealth LLC now owns 43,169 shares of the company’s stock worth $1,984,000 after acquiring an additional 470 shares during the last quarter. James J. Burns & Company LLC raised its holdings in VictoryShares Core Intermediate Bond ETF by 0.8% in the 3rd quarter. James J. Burns & Company LLC now owns 70,060 shares of the company’s stock valued at $3,358,000 after acquiring an additional 546 shares during the last quarter. Smith Thornton Advisors LLC lifted its stake in VictoryShares Core Intermediate Bond ETF by 0.4% in the 4th quarter. Smith Thornton Advisors LLC now owns 135,689 shares of the company’s stock worth $6,236,000 after purchasing an additional 598 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in VictoryShares Core Intermediate Bond ETF during the fourth quarter worth $34,000.

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.