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

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) shares saw an uptick in trading volume on Monday . 1,642,401 shares changed hands during mid-day trading, an increase of 442% from the previous session’s volume of 303,089 shares.The stock last traded at $21.69 and had previously closed at $21.60.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

The stock’s 50-day moving average is $22.00 and its 200-day moving average is $22.04.

VictoryShares Core Plus Intermediate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.0878 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Several large investors have recently added to or reduced their stakes in UBND. Comprehensive Financial Planning Inc. PA acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF in the 4th quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF during the 4th quarter valued at about $26,000. Global Retirement Partners LLC purchased a new position in shares of VictoryShares Core Plus Intermediate Bond ETF during the 4th quarter worth about $33,000. Comerica Bank lifted its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 44.4% during the 1st quarter. Comerica Bank now owns 2,597 shares of the company’s stock worth $57,000 after acquiring an additional 799 shares during the period. Finally, Assetmark Inc. acquired a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF in the third quarter worth approximately $61,000.

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.