BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) Sees Strong Trading Volume – Still a Buy?

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (NYSEARCA:XHLF) saw strong trading volume on Wednesday . 4,501,022 shares changed hands during mid-day trading, an increase of 1,135% from the previous session’s volume of 364,594 shares.The stock last traded at $50.3050 and had previously closed at $50.31.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Price Performance

The firm has a 50 day moving average of $50.33 and a 200-day moving average of $50.29.

Institutional Investors Weigh In On BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

Several institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC boosted its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 3.7% in the second quarter. Belpointe Asset Management LLC now owns 6,441 shares of the company’s stock valued at $324,000 after acquiring an additional 227 shares during the period. Bank of Jackson Hole Trust grew its position in BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 26.0% in the 1st quarter. Bank of Jackson Hole Trust now owns 1,400 shares of the company’s stock worth $70,000 after purchasing an additional 289 shares during the last quarter. Ellis Investment Partners LLC increased its holdings in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 3.6% during the 3rd quarter. Ellis Investment Partners LLC now owns 9,514 shares of the company’s stock worth $480,000 after purchasing an additional 331 shares during the period. Portside Wealth Group LLC raised its position in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF by 0.6% during the second quarter. Portside Wealth Group LLC now owns 54,046 shares of the company’s stock valued at $2,721,000 after buying an additional 347 shares during the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in shares of BondBloxx Bloomberg Six Month Target Duration US Treasury ETF in the third quarter valued at about $25,000.

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) 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 six months. XHLF was launched on Sep 13, 2022 and is managed by BondBloxx.