US Treasury 5 Year Note ETF (NASDAQ:UFIV) Trading 0.1% Higher – Still a Buy?

Shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) shot up 0.1% during trading on Thursday . The company traded as high as $48.27 and last traded at $48.22. Approximately 3,938 shares were traded during trading, a decline of 45% from the average session volume of 7,224 shares. The stock had previously closed at $48.19.

US Treasury 5 Year Note ETF Stock Performance

The company’s fifty day simple moving average is $48.40 and its two-hundred day simple moving average is $48.92.

US Treasury 5 Year Note ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a dividend of $0.1558 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, June 29th.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

An institutional investor recently raised its position in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC boosted its holdings in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% during the 1st quarter, according to the company in its most recent filing with the SEC. 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 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 at the end of the most recent quarter.

About US Treasury 5 Year Note ETF

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.