US Treasury 7 Year Note ETF (NASDAQ:USVN) Increases Dividend to $0.16 Per Share

US Treasury 7 Year Note ETF (NASDAQ:USVN) announced a dividend on Wednesday, August 26th, NASDAQ Dividends reports. Investors of record on Thursday, August 27th will be given a dividend of 0.1637 per share on Friday, August 28th. The ex-dividend date is Thursday, August 27th. This is a 8.4% increase from US Treasury 7 Year Note ETF’s previous dividend of $0.15.

US Treasury 7 Year Note ETF Stock Performance

US Treasury 7 Year Note ETF stock traded down $0.21 during midday trading on Thursday, reaching $47.02. 1,694 shares of the stock were exchanged, compared to its average volume of 1,716. US Treasury 7 Year Note ETF has a 52 week low of $46.90 and a 52 week high of $49.29. The company’s fifty day moving average is $47.30 and its 200-day moving average is $47.86.

About US Treasury 7 Year Note ETF

The US Treasury 7 Year Note ETF (USVN) is an exchange-traded fund that is based on the ICE BofA Current 7-Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 7-year US Treasury note. The fund is designed for those specifically required to track the 7-year tenor on the yield curve. USVN was launched on Mar 28, 2023 and is managed by F/m Investments.