VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Large Volume Increase Following Dividend Announcement

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) shares saw an uptick in trading volume on Friday after the company announced a dividend. 245,859 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 247,978 shares.The stock last traded at $21.9850 and had previously closed at $22.02.

The newly announced dividend which will be paid on Monday, November 10th. Stockholders of record on Friday, November 7th will be paid a dividend of $0.0802 per share. The ex-dividend date is Friday, November 7th. This represents a c) annualized dividend and a dividend yield of 4.4%.

VictoryShares Core Plus Intermediate Bond ETF Price Performance

The company has a 50-day moving average price of $22.09 and a 200 day moving average price of $21.80.

Institutional Trading of VictoryShares Core Plus Intermediate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annex Advisory Services LLC grew its stake in VictoryShares Core Plus Intermediate Bond ETF by 332.1% in the 2nd quarter. Annex Advisory Services LLC now owns 16,731,387 shares of the company’s stock valued at $365,581,000 after acquiring an additional 12,859,443 shares during the last quarter. Cahaba Wealth Management Inc. lifted its stake in VictoryShares Core Plus Intermediate Bond ETF by 31,968.2% in the 3rd quarter. Cahaba Wealth Management Inc. now owns 7,643,465 shares of the company’s stock valued at $168,538,000 after buying an additional 7,619,630 shares in the last quarter. Merit Financial Group LLC acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF during the 3rd quarter valued at $120,658,000. Retirement Planning Group LLC raised its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 13.0% in the third quarter. Retirement Planning Group LLC now owns 5,970,753 shares of the company’s stock worth $131,655,000 after acquiring an additional 687,568 shares during the last quarter. Finally, Corient Private Wealth LLC lifted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 168.1% in the second quarter. Corient Private Wealth LLC now owns 836,066 shares of the company’s stock valued at $18,268,000 after acquiring an additional 524,257 shares in the last quarter.

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.