BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Hits New 1-Year Low – Here’s What Happened

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $49.15 and last traded at $49.1450, with a volume of 76215 shares traded. The stock had previously closed at $49.17.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The firm has a 50-day moving average price of $49.29 and a two-hundred day moving average price of $49.36. The firm has a market cap of $826.55 million, a price-to-earnings ratio of -52.31 and a beta of 0.01.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC grew its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 16.1% during the 2nd quarter. NewEdge Advisors LLC now owns 57,470 shares of the company’s stock worth $2,837,000 after buying an additional 7,955 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.9% in the second quarter. Baird Financial Group Inc. now owns 85,813 shares of the company’s stock valued at $4,237,000 after acquiring an additional 2,447 shares during the period. Citadel Advisors LLC boosted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 38.2% in the second quarter. Citadel Advisors LLC now owns 16,123 shares of the company’s stock valued at $796,000 after acquiring an additional 4,457 shares during the period. Tanager Wealth Management LLP grew its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% during the second quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock worth $46,580,000 after acquiring an additional 386,502 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 2nd quarter valued at $308,000. 47.99% of the stock is owned by hedge funds and other institutional investors.

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.