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

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $21.24 and last traded at $21.24, with a volume of 9297 shares. The stock had previously closed at $21.36.

VictoryShares Core Plus Intermediate Bond ETF Price Performance

The business has a 50-day moving average of $21.46 and a 200 day moving average of $21.67.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 20,358,908 shares of the company’s stock worth $447,896,000 after buying an additional 4,800,062 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 557.4% in the fourth quarter. Osaic Holdings Inc. now owns 1,963,869 shares of the company’s stock valued at $43,215,000 after acquiring an additional 1,665,135 shares in the last quarter. Annex Advisory Services LLC increased its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 6.9% during the second quarter. Annex Advisory Services LLC now owns 18,906,834 shares of the company’s stock valued at $410,751,000 after acquiring an additional 1,223,743 shares during the last quarter. Retirement Planning Group LLC increased its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 13.1% during the first quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after acquiring an additional 853,671 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 168.1% during the second quarter. Corient Private Wealth LLC now owns 836,066 shares of the company’s stock worth $18,268,000 after acquiring an additional 524,257 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.