WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Sees Large Volume Increase – Still a Buy?

WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) saw unusually-high trading volume on Wednesday . Approximately 911 shares changed hands during mid-day trading, an increase of 811% from the previous session’s volume of 100 shares.The stock last traded at $49.1510 and had previously closed at $49.12.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Stock Performance

The company has a 50 day moving average price of $49.23 and a 200-day moving average price of $49.09.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 30th. Shareholders of record on Tuesday, October 28th were issued a $0.205 dividend. This is a boost from WisdomTree Voya Yield Enhanced USD Universal Bond Fund’s previous monthly dividend of $0.19. The ex-dividend date was Tuesday, October 28th. This represents a c) annualized dividend and a yield of 5.0%.

Hedge Funds Weigh In On WisdomTree Voya Yield Enhanced USD Universal Bond Fund

A hedge fund recently raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC boosted its position in WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) by 55.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,890 shares of the company’s stock after purchasing an additional 6,057 shares during the quarter. West Michigan Advisors LLC owned approximately 0.06% of WisdomTree Voya Yield Enhanced USD Universal Bond Fund worth $822,000 at the end of the most recent quarter.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Company Profile

The WisdomTree Voya Yield Enhanced USD Universal Bond Fund ETF (UNIY) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is passively managed to hold a broad portfolio of USD-denominated bonds of various credit quality and maturity. The index uses a tier-weighting methodology that weights a portion of the portfolio for enhanced yield. UNIY was launched on Feb 7, 2023 and is managed by WisdomTree.