The sale marks a full exit from the VictoryShares Core Intermediate Bond ETF, shifting allocations to larger fixed-income holdings.
USAA sold its entire 2.42 million-share position in the VictoryShares Core Intermediate Bond ETF (UITB) during Q1 2026, totaling $114.8 million. The move eliminated a 7.3% allocation from its portfolio as of the prior quarter.
Following the sale, USAA’s top holdings shifted to the iShares Core U.S. Aggregate Bond ETF (AGG) at $667.7 million, alongside smaller positions in VOO, NEAR, VXUS, and VCSH. UITB, trading at $46.35 on May 18, 2026, trailed the S&P 500 by 20 percentage points over the past year but outperformed its benchmark by 0.2 percentage points.
The transaction reflects a reallocation within USAA’s fixed-income strategy, though no immediate market reaction was disclosed.