VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Trading Down 0.3% – Here’s Why

VictoryShares Corporate Bond ETF (NASDAQ:UCRD)’s share price dropped 0.3% during trading on Friday . The company traded as low as $21.12 and last traded at $21.11. Approximately 1,382 shares traded hands during trading, a decline of 10% from the average session volume of 1,542 shares. The stock had previously closed at $21.17.

VictoryShares Corporate Bond ETF Trading Down 0.3%

The firm has a 50-day moving average of $21.27 and a two-hundred day moving average of $21.46.

VictoryShares Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a dividend of $0.0735 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. grew its stake in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,788,904 shares of the company’s stock after purchasing an additional 180,000 shares during the period. Victory Capital Management Inc. owned about 96.98% of VictoryShares Corporate Bond ETF worth $147,353,000 as of its most recent filing with the Securities and Exchange Commission.

VictoryShares Corporate Bond ETF Company Profile

The Victory Portfolios II VictoryShares Corporate Bond ETF (UCRD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that employs a proprietary ESG and credit rating methodology to select investment-grade corporate bonds. UCRD was launched on Oct 4, 2021 and is managed by VictoryShares.