BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (NYSEARCA:XTWY) Stock Price Down 1.1% – Here’s Why

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (NYSEARCA:XTWY) shares dropped 1.1% during trading on Monday. The stock traded as low as $33.32 and last traded at $33.48. 47,061 shares traded hands during trading, an increase of 8% from the average session volume of 43,629 shares. The stock had previously closed at $33.86.

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF Stock Performance

The business’s fifty day moving average price is $35.17 and its two-hundred day moving average price is $36.46.

Hedge Funds Weigh In On BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

Institutional investors have recently bought and sold shares of the stock. Gradient Investments LLC bought a new stake in shares of BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF during the 2nd quarter worth about $44,326,000. Bank of America Corp DE raised its stake in shares of BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF by 10.6% in the 1st quarter. Bank of America Corp DE now owns 357,168 shares of the company’s stock valued at $13,426,000 after acquiring an additional 34,244 shares in the last quarter. DUTCH ASSET Corp lifted its holdings in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF by 11.1% in the 1st quarter. DUTCH ASSET Corp now owns 311,606 shares of the company’s stock worth $11,713,000 after purchasing an additional 31,170 shares during the last quarter. STAR Financial Bank boosted its position in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF by 2.3% during the fourth quarter. STAR Financial Bank now owns 105,910 shares of the company’s stock worth $4,008,000 after purchasing an additional 2,394 shares during the period. Finally, Brown Financial Advisors acquired a new position in BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF during the second quarter valued at approximately $3,124,000.

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) 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 twenty years. XTWY was launched on Sep 13, 2022 and is managed by BondBloxx.