The US Treasury 5-Year Note ETF (NASDAQ:UFIV) increased by 0.2% on Wednesday, trading at $49.40. This minor rise followed a previous closing price of $49.31. During mid-day trading, approximately 3,833 shares exchanged hands, marking a significant 73% decline from the average daily volume of 14,194 shares.
Market Performance and Dividend Announcement
The ETF’s 50-day simple moving average stands at $49.45, while the 200-day simple moving average is reported at $49.23. In addition to its trading performance, the US Treasury 5-Year Note ETF recently announced a monthly dividend of $0.1301, which was paid out on December 3, 2023. This dividend corresponds to an annualized yield of 3.2%. The ex-dividend date was set for December 2, 2023, and investors of record received the payment accordingly.
Institutional Activity and Fund Overview
In a notable development, institutional trading activity has increased for the ETF. Huntington National Bank raised its stake in the fund by 30.3% during the second quarter, as indicated in its recent Form 13F filing with the Securities and Exchange Commission (SEC). Following this acquisition, the bank owned 2,467 shares, valued at approximately $121,000, accounting for 0.27% of the ETF’s total shares.
The US Treasury 5-Year Note ETF is a passively managed fund tracking the ICE BofA Current 5-Year US Treasury index. Launched on March 28, 2023, it specifically targets the most recently issued, on-the-run, 5-year US Treasury note. This ETF is designed for investors who require precise tracking of the 5-year tenor on the yield curve, providing a targeted investment option in the fixed-income space.
In summary, while the US Treasury 5-Year Note ETF has experienced a slight uptick in trading, the broader context includes significant institutional interest and a recently announced dividend, reflecting ongoing investor engagement in the fixed-income market.
