Fortune Financial Advisors LLC Purchases New Position in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Fortune Financial Advisors LLC purchased a new stake in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) during the fourth quarter, Holdings Channel reports. The firm purchased 4,604 shares of the company’s stock, valued at approximately $212,000.

Several other hedge funds have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its position in VictoryShares Core Intermediate Bond ETF by 299.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 27,338 shares of the company’s stock worth $1,310,000 after acquiring an additional 20,498 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 56,130 shares of the company’s stock worth $2,583,000 after purchasing an additional 2,729 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 96.2% in the third quarter. Thrivent Financial for Lutherans now owns 28,995 shares of the company’s stock valued at $1,390,000 after buying an additional 14,216 shares during the last quarter. Alliance Wealth Advisors LLC raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 8.8% in the third quarter. Alliance Wealth Advisors LLC now owns 495,032 shares of the company’s stock valued at $23,727,000 after buying an additional 39,917 shares during the last quarter. Finally, Raymond James & Associates increased its position in VictoryShares Core Intermediate Bond ETF by 91.9% in the 3rd quarter. Raymond James & Associates now owns 337,094 shares of the company’s stock valued at $16,157,000 after acquiring an additional 161,474 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Price Performance

UITB opened at $46.25 on Friday. The company’s 50 day simple moving average is $46.20 and its 200-day simple moving average is $46.89. VictoryShares Core Intermediate Bond ETF has a one year low of $45.00 and a one year high of $48.31.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were paid a dividend of $0.0299 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

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.