US Treasury 5 Year Note ETF (NASDAQ:UFIV) Shares Break Above 50 Day Moving Average – Here’s Why

US Treasury 5 Year Note ETF (NASDAQ:UFIV) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $47.07 and traded as high as $47.21. US Treasury 5 Year Note ETF shares last traded at $47.19, with a volume of 4,795 shares traded.

US Treasury 5 Year Note ETF Stock Performance

The company’s 50-day moving average price is $47.07 and its 200 day moving average price is $48.26.

Institutional Investors Weigh In On US Treasury 5 Year Note ETF

An institutional investor recently raised its position in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC boosted its holdings in US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 78,289 shares of the company’s stock after buying an additional 10,536 shares during the period. Janney Montgomery Scott LLC owned 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 as of its most recent SEC filing.

US Treasury 5 Year Note ETF Company Profile

The US Treasury 5 Year Note ETF (UFIV) is an exchange-traded fund that is based on the ICE BofA Current 5-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 5-year US Treasury note. The fund is designed for those specifically required to track the 5-year tenor on the yield curve. UFIV was launched on Mar 28, 2023 and is managed by US Benchmark Series.