VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Strong Trading Volume – Here’s What Happened

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) saw an uptick in trading volume on Friday. Approximately 862,361 shares changed hands during trading, an increase of 167% from the average daily volume of 323,107 shares. The stock last traded at $20.81 and had previously closed at $20.82.

VictoryShares Core Plus Intermediate Bond ETF Stock Down 0.1%

The firm’s fifty day moving average price is $20.92 and its 200-day moving average price is $21.52.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 9th. Shareholders of record on Friday, November 6th were issued a $0.0845 dividend. This is a drop from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.0956. The ex-dividend date of this dividend was Friday, November 6th. This represents a $1.01 dividend on an annualized basis and a yield of 4.9%.

Hedge Funds Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Annex Advisory Services LLC grew its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 6.9% in the second quarter. Annex Advisory Services LLC now owns 18,906,834 shares of the company’s stock worth $410,751,000 after purchasing an additional 1,223,743 shares during the last quarter. Retirement Planning Group LLC bought a new position in VictoryShares Core Plus Intermediate Bond ETF during the 3rd quarter valued at approximately $183,621,000. Cahaba Wealth Management Inc. raised its position in VictoryShares Core Plus Intermediate Bond ETF by 3.5% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 8,858,585 shares of the company’s stock valued at $182,974,000 after purchasing an additional 296,990 shares during the last quarter. Goldstein Advisors LLC lifted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 20.4% in the 3rd quarter. Goldstein Advisors LLC now owns 2,197,698 shares of the company’s stock worth $45,393,000 after buying an additional 372,812 shares during the period. Finally, Corient Private Wealth LP lifted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 22.9% in the 2nd quarter. Corient Private Wealth LP now owns 1,484,759 shares of the company’s stock worth $32,256,000 after buying an additional 276,364 shares during the period.

VictoryShares Core Plus Intermediate Bond ETF Company Profile

The VictoryShares Core Plus Intermediate Bond ETF (UBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds intermediate-term bonds of any type and rating that exhibit positive ESG characteristics. UBND was launched on Oct 4, 2021 and is managed by VictoryShares.