US Treasury 10 Year Note ETF (NASDAQ:UTEN) Shares Up 0.1% – Should You Buy?

US Treasury 10 Year Note ETF (NASDAQ:UTEN)’s share price shot up 0.1% during trading on Thursday . The stock traded as high as $44.56 and last traded at $44.53. 28,101 shares were traded during mid-day trading, a decline of 73% from the average session volume of 103,352 shares. The stock had previously closed at $44.47.

US Treasury 10 Year Note ETF Trading Down 0.0%

The firm has a fifty day simple moving average of $44.13 and a two-hundred day simple moving average of $44.20.

US Treasury 10 Year Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Thursday, January 29th were paid a dividend of $0.1409 per share. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Institutional Investors Weigh In On US Treasury 10 Year Note ETF

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new position in US Treasury 10 Year Note ETF during the third quarter worth about $2,143,000. Flow Traders U.S. LLC raised its position in shares of US Treasury 10 Year Note ETF by 492.6% in the second quarter. Flow Traders U.S. LLC now owns 71,211 shares of the company’s stock valued at $3,126,000 after purchasing an additional 59,194 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of 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 valued at $99,000 after buying an additional 747 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $37,000 after buying an additional 341 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in US Treasury 10 Year Note ETF by 5.0% in the 4th quarter. NewEdge Advisors LLC now owns 36,585 shares of the company’s stock worth $1,612,000 after buying an additional 1,743 shares during the period.

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.