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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw strong trading volume on Tuesday after the company announced a dividend. 267,341 shares changed hands during mid-day trading, an increase of 44% from the previous session’s volume of 185,986 shares.The stock last traded at $45.71 and had previously closed at $45.89.

The newly announced dividend which will be paid on Thursday, January 9th. Investors of record on Wednesday, January 8th will be issued a $0.0299 dividend. The ex-dividend date of this dividend is Wednesday, January 8th.

VictoryShares Core Intermediate Bond ETF Trading Down 0.1 %

The company has a 50-day moving average of $46.39 and a 200-day moving average of $46.92.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 299.7% in the third quarter. Janney Montgomery Scott LLC now owns 27,338 shares of the company’s stock worth $1,310,000 after purchasing an additional 20,498 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of 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 valued at $2,583,000 after acquiring an additional 2,729 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 96.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 28,995 shares of the company’s stock valued at $1,390,000 after acquiring an additional 14,216 shares during the period. Alliance Wealth Advisors LLC boosted its stake in VictoryShares Core Intermediate Bond ETF by 8.8% during the third quarter. Alliance Wealth Advisors LLC now owns 495,032 shares of the company’s stock worth $23,727,000 after acquiring an additional 39,917 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in VictoryShares Core Intermediate Bond ETF by 91.9% in the third quarter. Raymond James & Associates now owns 337,094 shares of the company’s stock worth $16,157,000 after purchasing an additional 161,474 shares during the period.

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.