US Treasury 10 Year Note ETF (NASDAQ:UTEN) Trading 0.4% Higher – Should You Buy?

Shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) traded up 0.4% during trading on Thursday . The stock traded as high as $43.36 and last traded at $43.26. 24,030 shares were traded during trading, a decline of 62% from the average session volume of 63,445 shares. The stock had previously closed at $43.10.

US Treasury 10 Year Note ETF Trading Up 0.4%

The business has a 50-day moving average of $43.28 and a 200-day moving average of $43.80.

US Treasury 10 Year Note ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were given a $0.1451 dividend. This is a positive change from US Treasury 10 Year Note ETF’s previous dividend of $0.14. The ex-dividend date of this dividend was Thursday, May 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC bought a new position in shares of US Treasury 10 Year Note ETF during the 1st quarter worth about $28,000. JPMorgan Chase & Co. boosted its stake in shares of US Treasury 10 Year Note ETF by 67.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the company’s stock valued at $37,000 after purchasing an additional 341 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in 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 buying an additional 747 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in US Treasury 10 Year Note ETF by 5.0% during the 4th quarter. NewEdge Advisors LLC now owns 36,585 shares of the company’s stock worth $1,612,000 after acquiring an additional 1,743 shares during the last quarter.

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.