US Treasury 2 Year Note ETF (NASDAQ:UTWO) Trading Down 0% – What’s Next?

US Treasury 2 Year Note ETF (NASDAQ:UTWO) fell 0% on Thursday . The company traded as low as $48.52 and last traded at $48.53. 84,920 shares were traded during mid-day trading, an increase of 11% from the average session volume of 76,516 shares. The stock had previously closed at $48.54.

US Treasury 2 Year Note ETF Stock Performance

The company has a 50 day moving average of $48.59 and a 200-day moving average of $48.52.

US Treasury 2 Year Note ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.1309 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a c) annualized dividend and a dividend yield of 3.2%.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A number of large investors have recently bought and sold shares of UTWO. 49 Wealth Management LLC grew its holdings in shares of US Treasury 2 Year Note ETF by 8.0% during the third quarter. 49 Wealth Management LLC now owns 152,494 shares of the company’s stock valued at $7,406,000 after purchasing an additional 11,236 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its position 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 valued at $2,204,000 after purchasing an additional 1,613 shares during the period. CoreCap Advisors LLC boosted its position in US Treasury 2 Year Note ETF by 17.6% during the 4th quarter. CoreCap Advisors LLC now owns 10,408 shares of the company’s stock valued at $505,000 after purchasing an additional 1,556 shares during the period. Crews Bank & Trust grew its stake 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, Alpine Bank Wealth Management acquired a new stake in US Treasury 2 Year Note ETF in the second quarter worth $155,000.

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.