US Treasury 7 Year Note ETF (NASDAQ:USVN) Announces Dividend Increase – $0.16 Per Share

US Treasury 7 Year Note ETF (NASDAQ:USVN) declared a monthly dividend on Monday, July 27th, NASDAQ Dividends reports. Shareholders of record on Tuesday, July 28th will be given a dividend of 0.1648 per share on Wednesday, July 29th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, July 28th. This is a 0.5% increase from US Treasury 7 Year Note ETF’s previous monthly dividend of $0.16.

US Treasury 7 Year Note ETF Trading Down 0.2%

USVN stock traded down $0.10 during mid-day trading on Tuesday, hitting $47.08. 192 shares of the company were exchanged, compared to its average volume of 1,925. US Treasury 7 Year Note ETF has a 12-month low of $46.97 and a 12-month high of $49.29. The business has a fifty day simple moving average of $47.49 and a 200-day simple moving average of $48.08.

US Treasury 7 Year Note ETF Company Profile

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.