US Treasury 5 Year Note ETF (NASDAQ:UFIV) Trading Up 0.1% – Here’s Why

US Treasury 5 Year Note ETF (NASDAQ:UFIV) was up 0.1% during trading on Thursday . The company traded as high as $49.55 and last traded at $49.55. Approximately 2,414 shares changed hands during trading, a decline of 74% from the average daily volume of 9,149 shares. The stock had previously closed at $49.52.

US Treasury 5 Year Note ETF Stock Performance

The firm’s 50-day moving average price is $49.30 and its 200 day moving average price is $49.36.

US Treasury 5 Year Note ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were paid a $0.1434 dividend. The ex-dividend date was Thursday, January 29th. This represents a c) annualized dividend and a yield of 3.5%. This is a boost from US Treasury 5 Year Note ETF’s previous monthly dividend of $0.14.

Hedge Funds Weigh In On US Treasury 5 Year Note ETF

A hedge fund recently raised its stake in US Treasury 5 Year Note ETF stock. Huntington National Bank increased its position in shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 30.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,467 shares of the company’s stock after acquiring an additional 573 shares during the period. Huntington National Bank owned about 0.27% of US Treasury 5 Year Note ETF worth $121,000 as of its most recent filing with the Securities and Exchange Commission.

About US Treasury 5 Year Note ETF

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.