BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE)’s stock price passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $49.18 and traded as high as $49.21. BondBloxx Bloomberg One Year Target Duration US Treasury ETF shares last traded at $49.21, with a volume of 110,478 shares trading hands.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Price Performance

The stock has a fifty day moving average price of $49.18 and a two-hundred day moving average price of $49.35. The company has a market cap of $864.13 million, a P/E ratio of -52.35 and a beta of 0.01.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several hedge funds have recently added to or reduced their stakes in XONE. Dynamic Advisor Solutions LLC lifted its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 25,496 shares of the company’s stock worth $1,259,000 after acquiring an additional 498 shares during the period. Wealthcare Advisory Partners LLC increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 2.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 23,044 shares of the company’s stock valued at $1,138,000 after acquiring an additional 540 shares during the period. Lido Advisors LLC increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 1.1% during the first quarter. Lido Advisors LLC now owns 68,650 shares of the company’s stock valued at $3,400,000 after acquiring an additional 748 shares during the period. Quantinno Capital Management LP increased its stake in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 4.8% during the first quarter. Quantinno Capital Management LP now owns 20,967 shares of the company’s stock valued at $1,038,000 after acquiring an additional 955 shares during the period. Finally, Sigma Planning Corp raised its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 3.4% during the first quarter. Sigma Planning Corp now owns 30,435 shares of the company’s stock worth $1,507,000 after purchasing an additional 1,012 shares in the last quarter. Institutional investors 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.