BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 12-Month Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $49.27 and last traded at $49.28, with a volume of 41830 shares trading hands. The stock had previously closed at $49.30.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Down 0.0%

The company has a market cap of $717.52 million, a P/E ratio of -52.43 and a beta of 0.01. The stock’s 50-day moving average price is $49.42 and its 200 day moving average price is $49.51.

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

Institutional investors have recently modified their holdings of the company. Beacon Capital Management Inc. increased its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% during the fourth quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after acquiring an additional 627 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth $68,000. American Trust bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth $95,000. Royal Bank of Canada increased its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% during the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock worth $134,000 after acquiring an additional 672 shares during the period. Finally, Wealth Watch Advisors INC bought a new position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter worth $182,000. Institutional investors own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

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.