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

Shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) saw strong trading volume on Tuesday . 1,890,766 shares traded hands during trading, an increase of 628% from the previous session’s volume of 259,602 shares.The stock last traded at $21.67 and had previously closed at $21.70.

VictoryShares Core Plus Intermediate Bond ETF Trading Down 0.2%

The stock’s 50-day moving average price is $21.67 and its 200 day moving average price is $21.86.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.0834 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 4.6%.

Institutional Trading of VictoryShares Core Plus Intermediate Bond ETF

A number of hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF during the 1st quarter worth approximately $1,499,000. Johnson Financial Group Inc. acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at $54,000. Retirement Planning Group LLC raised its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 13.1% in the first quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after purchasing an additional 853,671 shares in the last quarter. Fifth Third Bancorp bought a new position in VictoryShares Core Plus Intermediate Bond ETF in the first quarter worth $77,000. Finally, Cahaba Wealth Management Inc. boosted its stake in VictoryShares Core Plus Intermediate Bond ETF by 4.0% during the first 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 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.