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

Shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) saw an uptick in trading volume on Tuesday . 1,450,251 shares were traded during trading, an increase of 1,539% from the previous session’s volume of 88,505 shares.The stock last traded at $21.9750 and had previously closed at $22.00.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

The company’s 50 day moving average is $22.02 and its 200 day moving average is $21.95.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, January 9th. Investors of record on Thursday, January 8th will be paid a dividend of $0.013 per share. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, January 8th.

Institutional Trading of VictoryShares Core Plus Intermediate Bond ETF

Hedge funds have recently modified their holdings of the company. Cahaba Wealth Management Inc. increased its stake in VictoryShares Core Plus Intermediate Bond ETF by 31,968.2% in the third quarter. Cahaba Wealth Management Inc. now owns 7,643,465 shares of the company’s stock valued at $168,538,000 after acquiring an additional 7,619,630 shares during the period. U.S. Capital Wealth Advisors LLC acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the 3rd quarter worth approximately $1,695,000. Retirement Planning Group LLC lifted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 6.5% during the 2nd quarter. Retirement Planning Group LLC now owns 5,283,185 shares of the company’s stock worth $115,438,000 after buying an additional 322,534 shares during the period. Merit Financial Group LLC acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF in the 3rd quarter valued at $120,658,000. Finally, 1900 Wealth Management LLC boosted its stake in VictoryShares Core Plus Intermediate Bond ETF by 2.4% in the 3rd quarter. 1900 Wealth Management LLC now owns 4,176,218 shares of the company’s stock valued at $92,086,000 after buying an additional 97,243 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.