VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sets New 12-Month Low – Time to Sell?

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND)’s stock price hit a new 52-week low during trading on Monday . The company traded as low as $21.35 and last traded at $21.36, with a volume of 75546 shares traded. The stock had previously closed at $21.40.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

The company’s 50 day moving average price is $21.56 and its two-hundred day moving average price is $21.75.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were given a dividend of $0.0819 per share. The ex-dividend date of this dividend was Friday, August 7th.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in VictoryShares Core Plus Intermediate Bond ETF by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 20,358,908 shares of the company’s stock valued at $447,896,000 after purchasing an additional 4,800,062 shares during the period. Osaic Holdings Inc. boosted its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 557.4% during the fourth quarter. Osaic Holdings Inc. now owns 1,963,869 shares of the company’s stock valued at $43,215,000 after purchasing an additional 1,665,135 shares in the last quarter. Annex Advisory Services LLC boosted its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 6.9% during the second quarter. Annex Advisory Services LLC now owns 18,906,834 shares of the company’s stock valued at $410,751,000 after purchasing an additional 1,223,743 shares in the last quarter. Retirement Planning Group LLC increased its holdings in VictoryShares Core Plus Intermediate Bond ETF by 13.1% during the first quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after buying an additional 853,671 shares during the period. Finally, Corient Private Wealth LLC increased its holdings in VictoryShares Core Plus Intermediate Bond ETF by 168.1% during the second quarter. Corient Private Wealth LLC now owns 836,066 shares of the company’s stock valued at $18,268,000 after buying an additional 524,257 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.