Northwestern Mutual Wealth Management Co. Acquires 635,444 Shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF $XONE

Northwestern Mutual Wealth Management Co. boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) by 460,466.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 635,582 shares of the company’s stock after buying an additional 635,444 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF were worth $31,484,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Csenge Advisory Group bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 3rd quarter valued at approximately $233,000. Inspire Advisors LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 3rd quarter worth approximately $270,000. Flow Traders U.S. LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $275,000. Raymond James Financial Inc. bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the 2nd quarter worth approximately $277,000. Finally, Formidable Asset Management LLC raised its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 8.6% during the 3rd quarter. Formidable Asset Management LLC now owns 5,636 shares of the company’s stock worth $280,000 after purchasing an additional 445 shares during the last quarter. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

BondBloxx Bloomberg One Year Target Duration US Treasury ETF stock opened at $49.38 on Tuesday. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 52-week low of $49.32 and a 52-week high of $49.70. The firm has a 50 day moving average price of $49.44 and a two-hundred day moving average price of $49.53. The firm has a market cap of $718.97 million, a price-to-earnings ratio of -52.53 and a beta of 0.01.

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.