VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Strong Trading Volume – Still a Buy?

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) shares saw unusually-strong trading volume on Wednesday . Approximately 1,037,268 shares were traded during trading, an increase of 383% from the previous session’s volume of 214,766 shares.The stock last traded at $45.73 and had previously closed at $45.41.

VictoryShares Core Intermediate Bond ETF Stock Performance

The stock has a 50 day simple moving average of $46.30 and a two-hundred day simple moving average of $46.91.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.0299 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in VictoryShares Core Intermediate Bond ETF by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,130 shares of the company’s stock worth $2,583,000 after purchasing an additional 2,729 shares during the period. Sargent Investment Group LLC raised its stake in shares of VictoryShares Core Intermediate Bond ETF by 3.8% during the 2nd quarter. Sargent Investment Group LLC now owns 163,257 shares of the company’s stock worth $7,511,000 after buying an additional 5,951 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the 2nd quarter valued at approximately $680,000. Bank of Montreal Can acquired a new stake in VictoryShares Core Intermediate Bond ETF in the 2nd quarter valued at $11,423,000. Finally, Daymark Wealth Partners LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 5.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 36,019 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,951 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.