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

The VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) experienced a notable surge in trading activity recently. On Monday, the ETF saw approximately 134,647 shares traded. This figure represents a 4% decrease compared to the previous trading session's volume of 140,369 shares. The last price at which the ETF was traded stood at $45.97, marking an uptick from its prior closing price of $45.83.

VictoryShares Core Intermediate Bond ETF Price Movement

This ETF has a 50-day moving average of $46.50 and a longer-term 200-day moving average of $46.95. These averages are often used by investors to gauge the strength and direction of price trends.

Dividend Announcement from VictoryShares Core Intermediate Bond ETF

Additionally, the fund has recently announced a dividend, which was disbursed on Friday, December 13th. Shareholders who were recorded on Thursday, December 12th, received a dividend payment of $0.2843 per share. The ex-dividend date, which is important for those looking to buy shares before the dividend payment, was also on December 12th.

Institutional Participation in VictoryShares Core Intermediate Bond ETF

Recent data reveals that a number of institutional investors have adjusted their positions in the ETF. Notably, Janney Montgomery Scott LLC increased its holdings in UITB by an impressive 299.7% during the third quarter. After acquiring an additional 20,498 shares, the firm now possesses 27,338 shares valued at around $1,310,000. Furthermore, Envestnet Asset Management Inc. raised its stake by 5.1% in the second quarter, having added 2,729 shares to reach a total of 56,130 shares valued at $2,583,000. In another significant development, Thrivent Financial for Lutherans boosted its position by 96.2% in the third quarter, now owning 28,995 shares valued at $1,390,000 following an acquisition of 14,216 shares. Alliance Wealth Advisors also increased their shareholding by 8.8% in the same quarter, now owning 495,032 shares worth $23,727,000 after purchasing an additional 39,917 shares. Lastly, Raymond James & Associates expanded its position by 91.9%, acquiring 161,474 additional shares, bringing their total holding to 337,094 shares worth about $16,157,000.

Background on VictoryShares Core Intermediate Bond ETF

The VictoryShares Core Intermediate Bond ETF (UITB) is an exchange-traded fund that tracks the Bloomberg US Aggregate Bond index. This fund operates as an actively managed bond portfolio, predominantly investing in U.S. securities with a dollar-weighted average maturity ranging from three to ten years. Since its launch on October 24, 2017, UITB has been managed by VictoryShares.

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ETF, bonds, dividend