BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Reaches New 1-Year Low – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $49.18 and last traded at $49.1850, with a volume of 10159 shares changing hands. The stock had previously closed at $49.35.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The company has a market cap of $826.80 million, a price-to-earnings ratio of -52.32 and a beta of 0.01. The firm’s 50 day simple moving average is $49.31 and its 200-day simple moving average is $49.39.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 460,466.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 635,582 shares of the company’s stock valued at $31,484,000 after purchasing an additional 635,444 shares in the last quarter. Bank of America Corp DE lifted its position in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 27.6% during the 3rd quarter. Bank of America Corp DE now owns 1,808,944 shares of the company’s stock valued at $89,832,000 after purchasing an additional 390,810 shares during the period. Tanager Wealth Management LLP grew its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 69.4% during the 2nd quarter. Tanager Wealth Management LLP now owns 943,490 shares of the company’s stock worth $46,580,000 after buying an additional 386,502 shares during the period. Compass Financial Group Inc. Ohio bought a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the 4th quarter worth $6,353,000. Finally, S&A Financial Services Inc. acquired a new stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter worth $4,823,000. Institutional investors and hedge funds own 47.99% of the company’s stock.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Company Profile

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) 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 one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.