VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Trading Down 0.3% – Here’s Why

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) shares dropped 0.3% on Friday . The stock traded as low as $21.12 and last traded at $21.11. 1,382 shares traded hands during trading, a decline of 10% from the average daily volume of 1,542 shares. The stock had previously closed at $21.17.

VictoryShares Corporate Bond ETF Stock Performance

The business’s 50 day simple moving average is $21.27 and its 200-day simple moving average is $21.46.

VictoryShares Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a dividend of $0.0735 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 7th.

Institutional Trading of VictoryShares Corporate Bond ETF

An institutional investor recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. boosted its holdings in shares of VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,788,904 shares of the company’s stock after purchasing an additional 180,000 shares during the period. Victory Capital Management Inc. owned about 96.98% of VictoryShares Corporate Bond ETF worth $147,353,000 at the end of the most recent quarter.

VictoryShares Corporate Bond ETF Company Profile

The Victory Portfolios II VictoryShares Corporate Bond ETF (UCRD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that employs a proprietary ESG and credit rating methodology to select investment-grade corporate bonds. UCRD was launched on Oct 4, 2021 and is managed by VictoryShares.