US Treasury 10 Year Note ETF (NASDAQ:UTEN) Trading Up 0.1% – Here’s Why

US Treasury 10 Year Note ETF (NASDAQ:UTEN)’s share price was up 0.1% on Thursday . The stock traded as high as $43.91 and last traded at $43.90. Approximately 378,052 shares were traded during mid-day trading, an increase of 302% from the average daily volume of 94,047 shares. The stock had previously closed at $43.87.

US Treasury 10 Year Note ETF Stock Performance

The business has a 50 day simple moving average of $44.24 and a 200 day simple moving average of $44.08.

US Treasury 10 Year Note ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.1467 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from US Treasury 10 Year Note ETF’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On US Treasury 10 Year Note ETF

Several institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC increased its stake in US Treasury 10 Year Note ETF by 492.6% during the second quarter. Flow Traders U.S. LLC now owns 71,211 shares of the company’s stock worth $3,126,000 after purchasing an additional 59,194 shares during the period. NewEdge Advisors LLC grew its holdings in shares of US Treasury 10 Year Note ETF by 3.2% in the second quarter. NewEdge Advisors LLC now owns 87,170 shares of the company’s stock valued at $3,827,000 after purchasing an additional 2,704 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of US Treasury 10 Year Note ETF in the third quarter valued at approximately $2,143,000. JPMorgan Chase & Co. increased its stake in US Treasury 10 Year Note ETF by 67.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the company’s stock worth $37,000 after buying an additional 341 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in US Treasury 10 Year Note ETF by 50.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,229 shares of the company’s stock worth $99,000 after buying an additional 747 shares in the last quarter.

About US Treasury 10 Year Note ETF

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.