US Treasury 10 Year Note ETF (NASDAQ:UTEN) Trading Up 0.1% – Should You Buy?

US Treasury 10 Year Note ETF (NASDAQ:UTEN)’s stock price traded up 0.1% during trading on Tuesday . The stock traded as high as $42.41 and last traded at $42.40. Approximately 885,260 shares traded hands during trading, an increase of 1,267% from the average session volume of 64,756 shares. The stock had previously closed at $42.35.

US Treasury 10 Year Note ETF Stock Up 0.1%

The business’s fifty day moving average is $42.83 and its 200 day moving average is $43.39.

US Treasury 10 Year Note ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 29th. Shareholders of record on Tuesday, July 28th were paid a dividend of $0.151 per share. This is a boost from US Treasury 10 Year Note ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Tuesday, July 28th.

Institutional Trading of US Treasury 10 Year Note ETF

A number of hedge funds have recently made changes to their positions in UTEN. Sound Income Strategies LLC acquired a new stake in shares of US Treasury 10 Year Note ETF during the first quarter worth approximately $28,000. JPMorgan Chase & Co. increased its stake in US Treasury 10 Year Note ETF by 67.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 845 shares of the company’s stock valued at $37,000 after buying an additional 341 shares during the period. Finally, NewEdge Advisors LLC lifted its position in US Treasury 10 Year Note ETF by 5.0% in the 4th quarter. NewEdge Advisors LLC now owns 36,585 shares of the company’s stock worth $1,612,000 after buying an additional 1,743 shares in the last quarter.

US Treasury 10 Year Note ETF Company Profile

The US Treasury 10 Year Note ETF (UTEN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 10-year US Treasury note. The fund is designed for those specifically required to track the 10-year tenor on the yield curve. UTEN was launched on Aug 9, 2022 and is managed by F/m Investments.