BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 52-Week Low – Here’s What Happened

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $49.27 and last traded at $49.28, with a volume of 41830 shares changing hands. The stock had previously closed at $49.30.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Trading Down 0.0%

The company has a 50 day moving average of $49.41 and a 200-day moving average of $49.51. The firm has a market capitalization of $717.52 million, a P/E ratio of -52.43 and a beta of 0.01.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several institutional investors have recently added to or reduced their stakes in XONE. Northwestern Mutual Wealth Management Co. boosted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 460,466.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 635,582 shares of the company’s stock valued at $31,484,000 after purchasing an additional 635,444 shares during the period. Bank of America Corp DE boosted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% in the 3rd quarter. Bank of America Corp DE now owns 1,808,944 shares of the company’s stock valued at $89,832,000 after purchasing an additional 390,810 shares during the period. Smith Moore & CO. boosted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 49.1% in the 3rd quarter. Smith Moore & CO. now owns 741,133 shares of the company’s stock valued at $36,805,000 after purchasing an additional 243,994 shares during the period. Tanager Wealth Management LLP boosted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 45.8% in the 1st quarter. Tanager Wealth Management LLP now owns 556,988 shares of the company’s stock valued at $27,582,000 after purchasing an additional 175,070 shares during the period. Finally, Compass Financial Group Inc. Ohio bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter valued at $6,353,000. 47.99% of the stock is currently owned by institutional investors.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.