VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Trading Down 0.2% – Time to Sell?

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) dropped 0.2% during trading on Wednesday . The company traded as low as $21.73 and last traded at $21.7150. Approximately 4 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 8,791 shares. The stock had previously closed at $21.75.

VictoryShares Corporate Bond ETF Stock Down 0.2%

The business’s 50-day moving average is $21.74 and its two-hundred day moving average is $21.73.

VictoryShares Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were given a $0.0191 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. grew its position in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,608,904 shares of the company’s stock after acquiring an additional 92,886 shares during the quarter. Victory Capital Management Inc. owned about 99.68% of VictoryShares Corporate Bond ETF worth $144,173,000 at the end of the most recent reporting period.

About VictoryShares Corporate Bond ETF

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.