VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sets New 1-Year Low – Here’s Why

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $21.36 and last traded at $21.37, with a volume of 16143 shares changing hands. The stock had previously closed at $21.47.

VictoryShares Core Plus Intermediate Bond ETF Trading Down 0.3%

The company’s fifty day simple moving average is $21.62 and its 200 day simple moving average is $21.82.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.0906 dividend. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UBND. Comerica Bank raised its holdings in VictoryShares Core Plus Intermediate Bond ETF by 44.4% during the 1st quarter. Comerica Bank now owns 2,597 shares of the company’s stock valued at $57,000 after acquiring an additional 799 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the first quarter worth $4,842,000. Jane Street Group LLC boosted its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 174.2% in the first quarter. Jane Street Group LLC now owns 35,739 shares of the company’s stock worth $779,000 after acquiring an additional 22,705 shares during the period. Corient Private Wealth LLC grew its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 168.1% in the second quarter. Corient Private Wealth LLC now owns 836,066 shares of the company’s stock valued at $18,268,000 after purchasing an additional 524,257 shares in the last quarter. Finally, Susquehanna International Group LLP grew its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 354.7% in the third quarter. Susquehanna International Group LLP now owns 64,778 shares of the company’s stock valued at $1,428,000 after purchasing an additional 50,531 shares in the last quarter.

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.