VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Strong Trading Volume – Time to Buy?

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) shares saw an uptick in trading volume on Monday . 900,546 shares were traded during trading, an increase of 256% from the previous session’s volume of 253,219 shares.The stock last traded at $21.9350 and had previously closed at $21.94.

VictoryShares Core Plus Intermediate Bond ETF Stock Down 0.0%

The stock has a 50 day simple moving average of $22.07 and a two-hundred day simple moving average of $21.92.

VictoryShares Core Plus Intermediate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were given a dividend of $0.1634 per share. This is a boost from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 8.9%.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Annex Advisory Services LLC grew its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 332.1% during the second quarter. Annex Advisory Services LLC now owns 16,731,387 shares of the company’s stock worth $365,581,000 after purchasing an additional 12,859,443 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 15,558,846 shares of the company’s stock valued at $343,073,000 after purchasing an additional 362,323 shares during the period. Cahaba Wealth Management Inc. grew its stake in VictoryShares Core Plus Intermediate Bond ETF by 31,968.2% during the 3rd quarter. Cahaba Wealth Management Inc. now owns 7,643,465 shares of the company’s stock worth $168,538,000 after buying an additional 7,619,630 shares during the last quarter. Retirement Planning Group LLC increased its position in VictoryShares Core Plus Intermediate Bond ETF by 13.0% during the third quarter. Retirement Planning Group LLC now owns 5,970,753 shares of the company’s stock worth $131,655,000 after buying an additional 687,568 shares during the period. Finally, Merit Financial Group LLC acquired a new position in VictoryShares Core Plus Intermediate Bond ETF during the third quarter worth approximately $120,658,000.

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.