Newport Capital Group LLC Purchases 93,175 Shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF $XTEN

Newport Capital Group LLC purchased a new position in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSEARCA:XTEN) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 93,175 shares of the company’s stock, valued at approximately $4,089,000. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF comprises approximately 2.7% of Newport Capital Group LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Gradient Investments LLC grew its stake in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 121.8% in the second quarter. Gradient Investments LLC now owns 1,904,730 shares of the company’s stock valued at $86,818,000 after purchasing an additional 1,045,980 shares during the last quarter. Bank of America Corp DE raised its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 13.3% in the first quarter. Bank of America Corp DE now owns 815,133 shares of the company’s stock worth $37,382,000 after purchasing an additional 95,544 shares in the last quarter. Horst & Graben Wealth Management LLC raised its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 5.2% in the first quarter. Horst & Graben Wealth Management LLC now owns 441,933 shares of the company’s stock worth $20,249,000 after purchasing an additional 21,888 shares in the last quarter. Heck Capital Advisors LLC raised its holdings in BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF by 7.2% in the second quarter. Heck Capital Advisors LLC now owns 239,985 shares of the company’s stock worth $10,939,000 after purchasing an additional 16,099 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF during the first quarter valued at about $9,111,000.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Stock Performance

Shares of XTEN stock traded up $0.04 during mid-day trading on Friday, hitting $43.12. 312,546 shares of the stock traded hands, compared to its average volume of 245,974. BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF has a 52-week low of $41.84 and a 52-week high of $47.50. The stock’s fifty day moving average is $43.52 and its two-hundred day moving average is $44.66.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Profile

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) 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 ten years. XTEN was launched on Sep 13, 2022 and is managed by BondBloxx.