US Treasury 5 Year Note ETF (NASDAQ:UFIV) Stock Jumps 0.2% – Time to Buy?

Shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) rose 0.2% during mid-day trading on Thursday. The stock traded as high as $46.70 and last traded at $46.68. 7,142 shares changed hands during trading, a decline of 22% from the average session volume of 9,197 shares. The stock had previously closed at $46.60.

US Treasury 5 Year Note ETF Price Performance

The company has a 50 day simple moving average of $47.38 and a 200-day simple moving average of $48.06.

Institutional Trading of US Treasury 5 Year Note ETF

An institutional investor recently raised its stake in US Treasury 5 Year Note ETF stock. Janney Montgomery Scott LLC grew its stake in shares of US Treasury 5 Year Note ETF (NASDAQ:UFIV) by 15.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,289 shares of the company’s stock after purchasing an additional 10,536 shares during the quarter. Janney Montgomery Scott LLC owned approximately 12.63% of US Treasury 5 Year Note ETF worth $3,822,000 at the end of the most recent quarter.

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.