Valmark Advisers Inc. Cuts Stock Position in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Valmark Advisers Inc. decreased its holdings in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) by 29.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,041 shares of the company’s stock after selling 13,236 shares during the period. Valmark Advisers Inc. owned about 0.06% of VictoryShares Core Intermediate Bond ETF worth $1,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morton Brown Family Wealth LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the second quarter valued at $30,000. Harbour Investments Inc. lifted its stake in VictoryShares Core Intermediate Bond ETF by 7,720.9% in the 2nd quarter. Harbour Investments Inc. now owns 3,363 shares of the company’s stock valued at $155,000 after buying an additional 3,320 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in VictoryShares Core Intermediate Bond ETF in the 2nd quarter worth about $205,000. Wedmont Private Capital purchased a new stake in VictoryShares Core Intermediate Bond ETF during the 2nd quarter worth approximately $300,000. Finally, Avaii Wealth Management LLC raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 25.6% during the third quarter. Avaii Wealth Management LLC now owns 6,979 shares of the company’s stock valued at $334,000 after acquiring an additional 1,422 shares during the last quarter.

VictoryShares Core Intermediate Bond ETF Stock Performance

NASDAQ UITB opened at $46.73 on Wednesday. The stock’s 50 day simple moving average is $47.63 and its 200-day simple moving average is $46.71. VictoryShares Core Intermediate Bond ETF has a 1-year low of $43.56 and a 1-year high of $48.31.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Tuesday, October 8th were issued a $0.1233 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.48 dividend on an annualized basis and a yield of 3.17%.

VictoryShares Core Intermediate Bond ETF 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.