US Treasury 10 Year Note ETF (NASDAQ:UTEN) Trading 0.1% Higher – Still a Buy?

US Treasury 10 Year Note ETF (NASDAQ:UTEN)’s share price traded up 0.1% during trading on Thursday . The company traded as high as $44.56 and last traded at $44.53. 28,101 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 103,352 shares. The stock had previously closed at $44.47.

US Treasury 10 Year Note ETF Stock Up 0.1%

The company has a 50-day simple moving average of $44.12 and a 200 day simple moving average of $44.20.

US Treasury 10 Year Note ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a $0.1409 dividend. The ex-dividend date of this dividend was Thursday, January 29th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its position in US Treasury 10 Year Note ETF by 3.2% during the second quarter. NewEdge Advisors LLC now owns 87,170 shares of the company’s stock worth $3,827,000 after buying an additional 2,704 shares in the last quarter. Flow Traders U.S. LLC grew its holdings in shares of US Treasury 10 Year Note ETF by 492.6% during the 2nd quarter. Flow Traders U.S. LLC now owns 71,211 shares of the company’s stock worth $3,126,000 after purchasing an additional 59,194 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of US Treasury 10 Year Note ETF during the third quarter valued at approximately $2,143,000. EverSource Wealth Advisors LLC raised its stake in shares of US Treasury 10 Year Note ETF by 50.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,229 shares of the company’s stock valued at $99,000 after purchasing an additional 747 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in US Treasury 10 Year Note ETF by 67.7% in the third quarter. JPMorgan Chase & Co. now owns 845 shares of the company’s stock worth $37,000 after purchasing an additional 341 shares during the period.

US Treasury 10 Year Note ETF Company Profile

The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve. UTEN was launched on Aug 9, 2022 and is managed by F/m Investments.