VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Hits New 12-Month Low – Here’s Why

Shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) hit a new 52-week low during trading on Tuesday . The stock traded as low as $21.33 and last traded at $21.34, with a volume of 2574 shares traded. The stock had previously closed at $21.36.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

The stock’s 50 day simple moving average is $21.50 and its two-hundred day simple moving average is $21.70.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were given a $0.0819 dividend. The ex-dividend date of this dividend was Friday, August 7th.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in UBND. Comerica Bank raised its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 27.6% in the 4th quarter. Comerica Bank now owns 3,555 shares of the company’s stock worth $78,000 after purchasing an additional 770 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF during the 4th quarter worth approximately $25,000. Global Retirement Partners LLC acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF during the 4th quarter worth approximately $33,000. Integrated Investment Consultants LLC raised its holdings in VictoryShares Core Plus Intermediate Bond ETF by 6.0% in the fourth quarter. Integrated Investment Consultants LLC now owns 39,596 shares of the company’s stock valued at $871,000 after buying an additional 2,257 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in VictoryShares Core Plus Intermediate Bond ETF during the first quarter valued at approximately $54,000.

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.