WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Hits New 1-Year High – Still a Buy?

WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $49.83 and last traded at $49.84, with a volume of 20 shares trading hands. The stock had previously closed at $49.78.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Trading Down 0.1%

The company’s 50 day moving average price is $49.30 and its 200-day moving average price is $48.66.

Institutional Investors Weigh In On WisdomTree Voya Yield Enhanced USD Universal Bond Fund

A hedge fund recently raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC raised its position in shares of WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) by 55.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,890 shares of the company’s stock after acquiring an additional 6,057 shares during the period. West Michigan Advisors LLC owned approximately 0.06% of WisdomTree Voya Yield Enhanced USD Universal Bond Fund worth $822,000 at the end of the most recent reporting period.

About WisdomTree Voya Yield Enhanced USD Universal Bond Fund

The WisdomTree Voya Yield Enhanced USD Universal Bond Fund ETF (UNIY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is passively managed to hold a broad portfolio of USD-denominated bonds of various credit quality and maturity. The index uses a tier-weighting methodology that weights a portion of the portfolio for enhanced yield.