US Treasury 5 Year Note ETF (NASDAQ:UFIV) Shares Break Above 50 Day Moving Average – Here’s Why

US Treasury 5 Year Note ETF (NASDAQ:UFIV)’s share price passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $47.07 and traded as high as $47.21. US Treasury 5 Year Note ETF shares last traded at $47.19, with a volume of 4,795 shares.

US Treasury 5 Year Note ETF Trading Up 0.4%

The company has a 50-day moving average of $47.07 and a two-hundred day moving average of $48.26.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC increased its position in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,289 shares of the company’s stock after acquiring an additional 10,536 shares during the quarter. Janney Montgomery Scott LLC owned about 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 at the end of the most recent quarter.

US Treasury 5 Year Note ETF Company Profile

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.