BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Stock Breaks Above Fifty Day Moving Average – What’s Next?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s stock price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $49.18 and traded as high as $49.21. BondBloxx Bloomberg One Year Target Duration US Treasury ETF shares last traded at $49.21, with a volume of 110,478 shares changing hands.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Performance

The company has a market cap of $863.95 million, a PE ratio of -52.34 and a beta of 0.01. The stock has a fifty day moving average of $49.18 and a 200-day moving average of $49.35.

Institutional Investors Weigh In On BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several institutional investors have recently added to or reduced their stakes in the business. Dynamic Advisor Solutions LLC grew its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.0% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 25,496 shares of the company’s stock worth $1,259,000 after purchasing an additional 498 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 23,044 shares of the company’s stock worth $1,138,000 after purchasing an additional 540 shares during the period. Lido Advisors LLC lifted its stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 1.1% during the 1st quarter. Lido Advisors LLC now owns 68,650 shares of the company’s stock valued at $3,400,000 after acquiring an additional 748 shares during the period. Quantinno Capital Management LP boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.8% in the first quarter. Quantinno Capital Management LP now owns 20,967 shares of the company’s stock valued at $1,038,000 after purchasing an additional 955 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.4% in the first quarter. Sigma Planning Corp now owns 30,435 shares of the company’s stock worth $1,507,000 after buying an additional 1,012 shares during the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

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.