Merit Financial Group LLC Buys Shares of 5,472,002 VictoryShares Core Plus Intermediate Bond ETF $UBND

Merit Financial Group LLC acquired a new position in shares of VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,472,002 shares of the company’s stock, valued at approximately $120,658,000. VictoryShares Core Plus Intermediate Bond ETF makes up 1.1% of Merit Financial Group LLC’s investment portfolio, making the stock its 20th biggest holding. Merit Financial Group LLC owned approximately 0.08% of VictoryShares Core Plus Intermediate Bond ETF at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. U.S. Capital Wealth Advisors LLC bought a new stake in VictoryShares Core Plus Intermediate Bond ETF during the third quarter valued at $1,695,000. Cahaba Wealth Management Inc. raised its position in shares of 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 worth $168,538,000 after acquiring an additional 7,619,630 shares in the last quarter. Retirement Planning Group LLC lifted its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 6.5% in the 2nd quarter. Retirement Planning Group LLC now owns 5,283,185 shares of the company’s stock valued at $115,438,000 after purchasing an additional 322,534 shares during the period. Correct Capital Wealth Management boosted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 0.9% during the 2nd quarter. Correct Capital Wealth Management now owns 779,672 shares of the company’s stock valued at $17,036,000 after purchasing an additional 7,261 shares in the last quarter. Finally, 1900 Wealth Management LLC boosted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 2.4% during the 3rd quarter. 1900 Wealth Management LLC now owns 4,176,218 shares of the company’s stock valued at $92,086,000 after purchasing an additional 97,243 shares in the last quarter.

VictoryShares Core Plus Intermediate Bond ETF Price Performance

NASDAQ UBND opened at $22.02 on Wednesday. The business has a 50 day simple moving average of $22.05 and a 200 day simple moving average of $21.94. VictoryShares Core Plus Intermediate Bond ETF has a one year low of $21.11 and a one year high of $22.41.

VictoryShares Core Plus Intermediate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were paid a $0.1634 dividend. The ex-dividend date was Thursday, December 11th. This represents a c) annualized dividend and a dividend yield of 8.9%. This is an increase from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.08.

VictoryShares Core Plus Intermediate Bond ETF 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.