US Treasury 5 Year Note ETF (NASDAQ:UFIV) Trading 0.2% Higher – Here’s Why

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was up 0.2% on Wednesday . The stock traded as high as $49.40 and last traded at $49.40. Approximately 3,833 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 14,194 shares. The stock had previously closed at $49.31.

US Treasury 5 Year Note ETF Trading Up 0.2%

The firm’s 50-day simple moving average is $49.45 and its 200 day simple moving average is $49.23.

US Treasury 5 Year Note ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 3rd. Investors of record on Tuesday, December 2nd were issued a $0.1301 dividend. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, December 2nd.

Institutional Trading of US Treasury 5 Year Note ETF

An institutional investor recently raised its position in US Treasury 5 Year Note ETF stock. Huntington National Bank raised its position in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 30.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,467 shares of the company’s stock after purchasing an additional 573 shares during the period. Huntington National Bank owned approximately 0.27% of US Treasury 5 Year Note ETF worth $121,000 as of its most recent filing with the SEC.

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.