Sanctuary Advisors LLC Invests $520,000 in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB)

Sanctuary Advisors LLC has made a significant investment in the VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB). According to their recent Form 13F filing with the SEC, the firm acquired a new stake in UITB during the third quarter, purchasing 11,221 shares valued at approximately $520,000.

This investment highlights the interest of various hedge funds in UITB. For instance, James J. Burns & Company LLC increased its holdings in the ETF by 0.8% during the same quarter, bringing their total shares owned to 70,060, worth about $3,358,000 after acquiring an additional 546 shares. Similarly, Klingenstein Fields & Co. LP raised its stake by 5.7%, now owning 11,179 shares valued at $536,000 following an additional purchase of 601 shares. Other firms, such as Morton Brown Family Wealth LLC and Private Advisor Group LLC, also added to their positions, underscoring the growing interest in the ETF among major investors.

Recent Stock Performance

As for UITB's stock performance, shares opened at $45.88 recently, reflecting a small increase of 0.1%. The ETF's 50-day moving average stands at $46.62, while the 200-day moving average is at $46.96. UITB has experienced a 52-week low of $45.00 and a 52-week high of $48.31, indicating a relatively stable price range over the past year.

Dividend Announcement

The VictoryShares Core Intermediate Bond ETF has also announced its dividend for investors. A dividend payment of $0.2843 was distributed on December 13th, with investors on record as of December 12th being eligible for the payout. This indicates the ETF’s commitment to providing returns to its shareholders.

Overview of VictoryShares Core Intermediate Bond ETF

The Victory Portfolios II VictoryShares Core Intermediate Bond ETF focuses on actively managed bond investments, primarily in U.S. securities. The fund targets securities with a dollar-weighted average maturity between three to ten years and is designed to track the Bloomberg US Aggregate Bond Index. Launched on October 24, 2017, UITB has quickly become a notable option for investors seeking exposure to intermediate bonds.

investment, ETF, bonds