VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Large Volume Increase – Here’s Why

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) shares saw strong trading volume on Tuesday . Approximately 1,890,766 shares were traded during trading, an increase of 628% from the previous session’s volume of 259,602 shares.The stock last traded at $21.67 and had previously closed at $21.70.

VictoryShares Core Plus Intermediate Bond ETF Price Performance

The company has a 50-day moving average price of $21.67 and a 200-day moving average price of $21.86.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a $0.0834 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF during the first quarter worth approximately $1,499,000. Johnson Financial Group Inc. bought a new position in VictoryShares Core Plus Intermediate Bond ETF during the first quarter worth $54,000. Retirement Planning Group LLC raised its stake in VictoryShares Core Plus Intermediate Bond ETF by 13.1% during the 1st quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after purchasing an additional 853,671 shares during the last quarter. Fifth Third Bancorp acquired a new position in VictoryShares Core Plus Intermediate Bond ETF during the 1st quarter valued at $77,000. Finally, Cahaba Wealth Management Inc. boosted its holdings in VictoryShares Core Plus Intermediate Bond ETF by 4.0% in the 1st quarter. Cahaba Wealth Management Inc. now owns 8,179,176 shares of the company’s stock valued at $178,142,000 after purchasing an additional 316,424 shares during the period.

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.