US Treasury 10 Year Note ETF (NASDAQ:UTEN) Shares Down 0% – Here’s Why

US Treasury 10 Year Note ETF (NASDAQ:UTEN) shares were down 0% during mid-day trading on Friday . The company traded as low as $42.82 and last traded at $42.85. Approximately 28,224 shares were traded during trading, a decline of 55% from the average session volume of 62,052 shares. The stock had previously closed at $42.87.

US Treasury 10 Year Note ETF Price Performance

The firm’s 50-day moving average price is $43.10 and its 200 day moving average price is $43.68.

US Treasury 10 Year Note ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 29th were issued a dividend of $0.1525 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 29th.

Hedge Funds Weigh In On US Treasury 10 Year Note ETF

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in US Treasury 10 Year Note ETF by 3.2% during the 2nd quarter. NewEdge Advisors LLC now owns 87,170 shares of the company’s stock worth $3,827,000 after purchasing an additional 2,704 shares in the last quarter. Sound Income Strategies LLC purchased a new position in US Treasury 10 Year Note ETF in the 1st quarter valued at about $28,000. Finally, JPMorgan Chase & Co. lifted its holdings in 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.

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.