Cambridge Investment Research Advisors Invests in VictoryShares Core Intermediate Bond ETF

In a significant move within the bond market, Cambridge Investment Research Advisors Inc. has acquired a new position in the VictoryShares Core Intermediate Bond ETF, designated by the ticker UITB. This acquisition occurred during the third quarter and involved the purchase of 87,033 UITB shares. The invested capital is pegged at about $3,877,000 signifying a strong new stake in the bond ETF. UITB forms part of the diverse range of financial instruments that Cambridge Investment Research Advisors involves itself with, enhancing its portfolio with fixed income securities.

Other Institutions Following Suit

Cambridge isn't alone in its UITB interest, as several other institutional investors and hedge funds have also adjusted their UITB holdings. Markedly, UBS Group AG initiated a UITB position in the first quarter, investing around $26,000. In the subsequent fourth quarter, Advisor Group Holdings Inc. augmented its UITB shareholdings by a massive 685.2%, amounting to 1,908 shares worth roughly $87,000. Similarly, Koshinski Asset Management Inc. and Charles Schwab Investment Advisory Inc. took new positions in UITB during the third and first quarters, with respective investments of approximately $223,000 and $225,000. HighTower Advisors LLC started their UITB journey in the first quarter with a stake valued about $278,000.

UITB Market Performance Insights

UITB shares have seen fluctuation, opening at $46.59 on the last observed trading session. Notably, the ETF has a 50-day moving average price of $45.70 and a 200-day moving average price of $45.33. UITB's one-year low and high were recorded at $43.14 and $47.40, respectively.

Details on UITB Dividend Payout

In a recent announcement, UITB declared a monthly dividend, which was distributed on December 20th to all shareholders recorded on December 19th. The dividend per share stood at $0.23, culminating in an annualized dividend of $2.76 and yielding an attractive 5.92%. The designated ex-dividend date was December 18th.

An Overview of VictoryShares Core Intermediate Bond ETF

The VictoryShares Core Intermediate Bond ETF, a constituent of Victory Portfolios II, tracks the Bloomberg US Aggregate Bond index and is an actively managed fund focusing on US securities with average maturities ranging from three to ten years. The UITB ETF was launched on October 24, 2017, and has since been under the management of VictoryShares.

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