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

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) saw unusually-high trading volume on Friday. Approximately 862,361 shares traded hands during mid-day trading, an increase of 167% from the average daily volume of 323,107 shares. The stock last traded at $20.81 and had previously closed at $20.82.

VictoryShares Core Plus Intermediate Bond ETF Stock Down 0.1%

The business has a 50 day moving average of $20.92 and a 200 day moving average of $21.52.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 9th. Stockholders of record on Friday, November 6th were given a $0.0845 dividend. The ex-dividend date of this dividend was Friday, November 6th. This represents a $1.01 annualized dividend and a dividend yield of 4.9%. This is a negative change from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.0956.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

A number of large investors have recently modified their holdings of the stock. Fiduciary Financial Advisors lifted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 2.0% in the third quarter. Fiduciary Financial Advisors now owns 384,032 shares of the company’s stock worth $7,932,000 after buying an additional 7,682 shares during the period. Private Advisor Group LLC purchased a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the 3rd quarter valued at approximately $8,423,000. Harbour Investments Inc. bought a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF during the third quarter valued at approximately $111,000. IAG Wealth Partners LLC bought a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF during the third quarter valued at approximately $89,000. Finally, AlphaCore Capital LLC bought a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF during the third quarter valued at approximately $7,176,000.

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.