VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Strong Trading Volume – Here’s What Happened

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw unusually-high trading volume on Thursday . 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.

VictoryShares Core Intermediate Bond ETF Price Performance

The firm’s 50-day moving average is $46.18 and its 200 day moving average is $46.88.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were given a $0.0299 dividend. The ex-dividend date was Wednesday, January 8th.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

A number of large investors have recently bought and sold shares of UITB. Global Retirement Partners LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $34,000. Fifth Third Bancorp raised its position in 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. Fortune Financial Advisors LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $212,000. Ameritas Advisory Services LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $246,000. Finally, Perigon Wealth Management LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $246,000.

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.