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

Shares of US Treasury 10 Year Note ETF (NASDAQ:UTENGet Free Report) shot up 0.1% during mid-day trading on Tuesday . The company traded as high as $42.41 and last traded at $42.40. 885,260 shares traded hands during mid-day trading, an increase of 1,267% from the average session volume of 64,756 shares. The stock had previously closed at $42.35.

US Treasury 10 Year Note ETF Price Performance

The company’s 50 day simple moving average is $42.83 and its 200 day simple moving average is $43.38.

US Treasury 10 Year Note ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were given a dividend of $0.151 per share. The ex-dividend date of this dividend was Tuesday, July 28th. This is a boost from US Treasury 10 Year Note ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On US Treasury 10 Year Note ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in UTEN. JPMorgan Chase & Co. grew its position 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 acquiring an additional 341 shares during the period. NewEdge Advisors LLC raised its holdings in shares of US Treasury 10 Year Note ETF by 3.2% in the 2nd quarter. NewEdge Advisors LLC now owns 87,170 shares of the company’s stock worth $3,827,000 after purchasing an additional 2,704 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of US Treasury 10 Year Note ETF in the 1st quarter worth approximately $28,000.

US Treasury 10 Year Note ETF Company Profile

(Get Free Report)

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.

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