Pinnacle Wealth Management Group Inc. Buys New Shares in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Pinnacle Wealth Management Group Inc. purchased a new position in shares of VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) in the third quarter, HoldingsChannel reports. The fund purchased 148,364 shares of the company’s stock, valued at approximately $7,111,000. VictoryShares Core Intermediate Bond ETF comprises 4.5% of Pinnacle Wealth Management Group Inc.’s portfolio, making the stock its biggest holding.

Other large investors have also added to or reduced their stakes in the company. MBL Wealth LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter worth about $20,609,000. Cetera Investment Advisers purchased a new position in VictoryShares Core Intermediate Bond ETF during the 1st quarter worth approximately $15,418,000. Bank of Montreal Can acquired a new stake in VictoryShares Core Intermediate Bond ETF during the 2nd quarter valued at approximately $11,423,000. Horan Capital Advisors LLC. acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF in the first quarter worth $9,204,000. Finally, Newman Dignan & Sheerar Inc. raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 221.2% during the second quarter. Newman Dignan & Sheerar Inc. now owns 262,267 shares of the company’s stock worth $12,067,000 after purchasing an additional 180,614 shares during the last quarter.

VictoryShares Core Intermediate Bond ETF Price Performance

NASDAQ:UITB traded down $0.01 during mid-day trading on Friday, hitting $47.16. The company’s stock had a trading volume of 80,114 shares, compared to its average volume of 137,093. The business’s fifty day moving average is $47.72 and its two-hundred day moving average is $46.62. VictoryShares Core Intermediate Bond ETF has a 1 year low of $43.14 and a 1 year high of $48.31.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Tuesday, October 8th were paid a $0.1233 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.14%.

VictoryShares Core Intermediate Bond ETF Company 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.