VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Hits New 1-Year Low – Here’s Why

Shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) hit a new 52-week low on Wednesday . The stock traded as low as $20.97 and last traded at $20.97, with a volume of 36846 shares. The stock had previously closed at $21.10.

VictoryShares Core Plus Intermediate Bond ETF Stock Down 0.9%

The firm’s 50 day moving average is $21.35 and its 200-day moving average is $21.59.

VictoryShares Core Plus Intermediate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.0859 dividend. This is a positive change from VictoryShares Core Plus Intermediate Bond ETF’s previous dividend of $0.08. The ex-dividend date of this dividend was Wednesday, September 9th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Comprehensive Financial Planning Inc. PA acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the 4th quarter worth approximately $25,000. Johnson Financial Group Inc. acquired a new position in VictoryShares Core Plus Intermediate Bond ETF during the 1st quarter worth about $54,000. Fifth Third Bancorp bought a new position in VictoryShares Core Plus Intermediate Bond ETF in the 1st quarter valued at $77,000. Stonebridge Financial Group LLC MO lifted its position in VictoryShares Core Plus Intermediate Bond ETF by 52.7% during the 1st quarter. Stonebridge Financial Group LLC MO now owns 24,165 shares of the company’s stock valued at $526,000 after purchasing an additional 8,342 shares during the period. Finally, Trademark Financial Management LLC acquired a new position in VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at approximately $841,000.

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.