WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Reaches New 1-Year High - Still a Buy?

Key Points

• The WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) achieved a new 52-week high during trading, reaching a price of $49.84.
• West Michigan Advisors LLC increased its stake in the fund by 55.9%, owning approximately $822,000 worth of the securities as of its latest SEC filing.
• The fund predominantly invests in a broad portfolio of USD-denominated bonds across various credit qualities and maturities.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $49.83 and last traded at $49.84, with a volume of 20 shares changing hands. The stock had previously closed at $49.78.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Price Performance

The company's fifty day moving average is $49.26 and its 200 day moving average is $48.64.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC grew its position in shares of WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - Free Report) by 55.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,890 shares of the company's stock after purchasing an additional 6,057 shares during the period. West Michigan Advisors LLC owned approximately 0.06% of WisdomTree Voya Yield Enhanced USD Universal Bond Fund worth $822,000 as of its most recent SEC filing.

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.

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