VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Unusually-High Trading Volume Following Dividend Announcement

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw unusually-strong trading volume on Thursday following a dividend announcement from the company. Approximately 457,752 shares traded hands during mid-day 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 issued a $0.1528 dividend. The ex-dividend date is Friday, February 7th. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous dividend of $0.03.

VictoryShares Core Intermediate Bond ETF Trading Down 0.6 %

The business has a fifty day moving average of $46.17 and a 200 day moving average of $46.87.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 116.5% during the 4th quarter. Fifth Third Bancorp now owns 2,360 shares of the company’s stock worth $108,000 after buying an additional 1,270 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 299.7% during 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 during the last quarter. Thrivent Financial for Lutherans grew its position in shares of VictoryShares Core Intermediate Bond ETF by 96.2% during the third quarter. Thrivent Financial for Lutherans now owns 28,995 shares of the company’s stock worth $1,390,000 after acquiring an additional 14,216 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings 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 purchasing an additional 39,917 shares in the last quarter. Finally, Raymond James & Associates lifted its position 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 valued at $16,157,000 after purchasing an additional 161,474 shares during the period.

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.