Patriot Financial Group Insurance Agency LLC Lowers Holdings in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Patriot Financial Group Insurance Agency LLC lowered its position in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,488 shares of the company’s stock after selling 7,801 shares during the period. VictoryShares Core Intermediate Bond ETF comprises approximately 0.9% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 19th largest holding. Patriot Financial Group Insurance Agency LLC owned about 0.30% of VictoryShares Core Intermediate Bond ETF worth $6,326,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in UITB. Orion Portfolio Solutions LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter worth approximately $81,633,000. Bogart Wealth LLC grew its stake in VictoryShares Core Intermediate Bond ETF by 153.6% during the 1st quarter. Bogart Wealth LLC now owns 1,250,229 shares of the company’s stock worth $57,986,000 after buying an additional 757,323 shares during the last quarter. MBL Wealth LLC acquired a new position in VictoryShares Core Intermediate Bond ETF during the 2nd quarter valued at about $20,609,000. Cetera Investment Advisers acquired a new position in VictoryShares Core Intermediate Bond ETF during the 1st quarter valued at about $15,418,000. Finally, Raymond James Financial Services Advisors Inc. raised its stake in VictoryShares Core Intermediate Bond ETF by 914.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 316,517 shares of the company’s stock valued at $14,680,000 after buying an additional 285,307 shares during the last quarter.

VictoryShares Core Intermediate Bond ETF Price Performance

Shares of UITB stock traded down $0.01 during trading hours on Tuesday, reaching $47.68. 96,358 shares of the company’s stock were exchanged, compared to its average volume of 133,960. The stock’s fifty day moving average price is $46.79 and its two-hundred day moving average price is $46.22. VictoryShares Core Intermediate Bond ETF has a 1 year low of $43.14 and a 1 year high of $47.92.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, August 8th were issued a $0.1418 dividend. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.14. This represents a $1.70 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, August 8th.

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.