VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Hits New 1-Year Low – Should You Sell?

Shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) hit a new 52-week low during trading on Tuesday . The company traded as low as $21.33 and last traded at $21.34, with a volume of 2574 shares trading hands. The stock had previously closed at $21.36.

VictoryShares Core Plus Intermediate Bond ETF Trading Down 0.0%

The company’s fifty day moving average is $21.50 and its two-hundred day moving average is $21.70.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LP grew its position in VictoryShares Core Plus Intermediate Bond ETF by 22.9% in the second quarter. Corient Private Wealth LP now owns 1,484,759 shares of the company’s stock valued at $32,256,000 after acquiring an additional 276,364 shares in the last quarter. Annex Advisory Services LLC lifted its position 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 worth $410,751,000 after purchasing an additional 1,223,743 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at $1,499,000. Johnson Financial Group Inc. purchased a new position in shares of VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at $54,000. Finally, Retirement Planning Group LLC grew its holdings in VictoryShares Core Plus Intermediate Bond ETF by 13.1% during the 1st quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after purchasing an additional 853,671 shares in the last quarter.

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.