49 Wealth Management LLC Raises Stake in US Treasury 2 Year Note ETF $UTWO

49 Wealth Management LLC raised its position in US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 8.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 152,494 shares of the company’s stock after purchasing an additional 11,236 shares during the period. US Treasury 2 Year Note ETF accounts for 0.7% of 49 Wealth Management LLC’s investment portfolio, making the stock its 19th largest holding. 49 Wealth Management LLC owned approximately 1.90% of US Treasury 2 Year Note ETF worth $7,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of UTWO. CoreCap Advisors LLC grew its stake in shares of US Treasury 2 Year Note ETF by 2,331.9% during the third quarter. CoreCap Advisors LLC now owns 8,852 shares of the company’s stock worth $430,000 after purchasing an additional 8,488 shares in the last quarter. Crews Bank & Trust lifted its holdings in US Treasury 2 Year Note ETF by 18.6% during the 3rd quarter. Crews Bank & Trust now owns 6,610 shares of the company’s stock worth $321,000 after buying an additional 1,035 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. lifted its holdings in US Treasury 2 Year Note ETF by 3.7% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 45,384 shares of the company’s stock worth $2,204,000 after buying an additional 1,613 shares during the last quarter.

US Treasury 2 Year Note ETF Trading Up 0.1%

UTWO opened at $48.63 on Friday. The business’s 50-day simple moving average is $48.59 and its 200-day simple moving average is $48.57. US Treasury 2 Year Note ETF has a one year low of $48.09 and a one year high of $48.71.

US Treasury 2 Year Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a dividend of $0.1351 per share. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, February 26th.

About US Treasury 2 Year Note ETF

The US Treasury 2 Year Note ETF (UTWO) is an exchange-traded fund that is based on the ICE BofA Current 2 Year US Treasury index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 2-year US Treasury note. The fund is designed for those specifically required to track the 2-year tenor on the yield curve. UTWO was launched on Aug 9, 2022 and is managed by F/m Investments.