US Treasury 3 Year Note ETF (NASDAQ:UTRE) Stock Price Down 0.1% – What’s Next?

US Treasury 3 Year Note ETF (NASDAQ:UTRE) dropped 0.1% during trading on Thursday . The company traded as low as $49.74 and last traded at $49.7450. Approximately 696 shares traded hands during trading, a decline of 80% from the average daily volume of 3,428 shares. The stock had previously closed at $49.78.

US Treasury 3 Year Note ETF Price Performance

The company’s 50-day moving average is $49.88 and its 200-day moving average is $49.81.

US Treasury 3 Year Note ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.1448 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 3.5%. This is a boost from US Treasury 3 Year Note ETF’s previous monthly dividend of $0.13.

US Treasury 3 Year Note ETF Company Profile

The US Treasury 3 Year Note ETF (UTRE) is an exchange-traded fund that is based on the ICE BofA Current 3-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-year US Treasury note. The fund is designed for those specifically required to track the 3-year tenor on the yield curve. UTRE was launched on Mar 28, 2023 and is managed by US Benchmark Series.