US Treasury 10 Year Note ETF (NASDAQ:UTEN) Trading 0.6% Higher – Time to Buy?

US Treasury 10 Year Note ETF (NASDAQ:UTEN)’s share price traded up 0.6% during mid-day trading on Thursday . The stock traded as high as $41.68 and last traded at $41.67. 172,627 shares traded hands during mid-day trading, an increase of 153% from the average session volume of 68,320 shares. The stock had previously closed at $41.41.

US Treasury 10 Year Note ETF Stock Up 0.6%

The firm has a fifty day simple moving average of $42.35 and a 200-day simple moving average of $43.05.

Institutional Trading of US Treasury 10 Year Note ETF

A hedge fund recently raised its position in US Treasury 10 Year Note ETF stock. NewEdge Advisors LLC boosted its stake in shares of US Treasury 10 Year Note ETF (NASDAQ:UTEN) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,720 shares of the company’s stock after buying an additional 1,795 shares during the period. NewEdge Advisors LLC owned approximately 0.54% of US Treasury 10 Year Note ETF worth $1,586,000 as of its most recent filing with the SEC.

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.