VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Trading Down 0.2% – Here’s Why

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

VictoryShares Corporate Bond ETF Stock Performance

The company has a 50-day simple moving average of $21.74 and a 200-day simple moving average of $21.73.

VictoryShares Corporate Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares Corporate Bond ETF

A hedge fund recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. lifted its stake in shares of VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,608,904 shares of the company’s stock after purchasing 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 quarter.

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.