VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sets New 12-Month Low – Time to Sell?

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $21.35 and last traded at $21.36, with a volume of 75546 shares traded. The stock had previously closed at $21.40.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

The company has a 50-day simple moving average of $21.56 and a 200-day simple moving average of $21.75.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a dividend of $0.0819 per share. The ex-dividend date of this dividend was Friday, August 7th.

Hedge Funds Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Several hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 30.9% during the fourth quarter. Victory Capital Management Inc. now owns 20,358,908 shares of the company’s stock worth $447,896,000 after purchasing an additional 4,800,062 shares during the last quarter. Annex Advisory Services LLC increased its stake in VictoryShares Core Plus Intermediate Bond ETF by 6.9% in the 2nd quarter. Annex Advisory Services LLC now owns 18,906,834 shares of the company’s stock worth $410,751,000 after buying an additional 1,223,743 shares during the period. Cahaba Wealth Management Inc. increased its stake in VictoryShares Core Plus Intermediate Bond ETF by 4.0% in the 1st quarter. Cahaba Wealth Management Inc. now owns 8,179,176 shares of the company’s stock worth $178,142,000 after buying an additional 316,424 shares during the period. Retirement Planning Group LLC increased its stake in VictoryShares Core Plus Intermediate Bond ETF by 13.1% in the 1st quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock worth $160,269,000 after buying an additional 853,671 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 557.4% during the 4th quarter. Osaic Holdings Inc. now owns 1,963,869 shares of the company’s stock valued at $43,215,000 after buying an additional 1,665,135 shares in the last quarter.

About VictoryShares Core Plus Intermediate Bond ETF

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.