Orion Porfolio Solutions LLC Cuts Stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF $XONE

Orion Porfolio Solutions LLC cut its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) by 27.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 151,092 shares of the company’s stock after selling 56,202 shares during the quarter. Orion Porfolio Solutions LLC owned approximately 1.14% of BondBloxx Bloomberg One Year Target Duration US Treasury ETF worth $7,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XONE. Bank of America Corp DE raised its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.6% in the 2nd quarter. Bank of America Corp DE now owns 1,418,134 shares of the company’s stock valued at $70,382,000 after purchasing an additional 356,783 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5.7% in the 3rd quarter. AE Wealth Management LLC now owns 1,114,335 shares of the company’s stock worth $55,338,000 after purchasing an additional 59,800 shares during the period. Laurel Wealth Advisors LLC boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 5,493.4% during the second quarter. Laurel Wealth Advisors LLC now owns 867,533 shares of the company’s stock valued at $43,056,000 after purchasing an additional 852,023 shares in the last quarter. Smith Moore & CO. bought a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the second quarter valued at approximately $24,673,000. Finally, Tanager Wealth Management LLP increased its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 73.7% during the third quarter. Tanager Wealth Management LLP now owns 321,667 shares of the company’s stock valued at $15,974,000 after buying an additional 136,448 shares during the period. 47.99% of the stock is currently owned by institutional investors.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.1%

Shares of NYSEARCA:XONE opened at $49.49 on Friday. The company has a market capitalization of $716.12 million, a price-to-earnings ratio of -52.65 and a beta of 0.08. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52 week low of $49.40 and a 52 week high of $49.78. The firm has a 50 day moving average of $49.56 and a 200 day moving average of $49.59.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1358 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. BondBloxx Bloomberg One Year Target Duration US Treasury ETF’s dividend payout ratio (DPR) is currently -221.28%.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.