WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) Trading 0.1% Higher - Should You Buy?

Key Points

• WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY) saw a minor increase of 0.1% in its stock price, closing at $49.66 with a significant decline in trading volume.
• The fund recently cut its dividend, distributing $0.19 per share to stockholders of record as of June 25.
• West Michigan Advisors LLC increased its stake in the fund by 55.9%, owning 16,890 shares worth approximately $822,000 at the end of the last reporting period.

Shares of WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - ) traded up 0.1% on Tuesday . The company traded as high as $49.65 and last traded at $49.66. 14 shares were traded during trading, a decline of 100% from the average session volume of 31,822 shares. The stock had previously closed at $49.62.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Stock Up 0.1%

The business has a 50 day moving average of $48.83 and a two-hundred day moving average of $48.50.

WisdomTree Voya Yield Enhanced USD Universal Bond Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 27th. Stockholders of record on Wednesday, June 25th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, June 25th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund stock. West Michigan Advisors LLC raised its stake in WisdomTree Voya Yield Enhanced USD Universal Bond Fund (NASDAQ:UNIY - Free Report) by 55.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,890 shares of the company's stock after acquiring an additional 6,057 shares during the quarter. West Michigan Advisors LLC owned about 0.06% of WisdomTree Voya Yield Enhanced USD Universal Bond Fund worth $822,000 at the end of the most recent reporting period.

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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