US Treasury 2 Year Note ETF (NASDAQ:UTWO) Shares Up 0.1% – Time to Buy?

Shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) were up 0.1% during trading on Monday . The stock traded as high as $48.35 and last traded at $48.31. Approximately 156,062 shares changed hands during mid-day trading, an increase of 98% from the average daily volume of 78,825 shares. The stock had previously closed at $48.26.

US Treasury 2 Year Note ETF Trading Up 0.1%

The firm’s fifty day simple moving average is $48.54 and its 200 day simple moving average is $48.56.

US Treasury 2 Year Note ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.1351 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Thursday, February 26th.

Institutional Trading of US Treasury 2 Year Note ETF

Several hedge funds have recently modified their holdings of the company. Crews Bank & Trust grew its holdings in shares of US Treasury 2 Year Note ETF by 18.6% in the third quarter. Crews Bank & Trust now owns 6,610 shares of the company’s stock valued at $321,000 after purchasing an additional 1,035 shares in the last quarter. CoreCap Advisors LLC lifted its position in US Treasury 2 Year Note ETF by 17.6% during the fourth 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 last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its position in US Treasury 2 Year Note ETF by 3.7% during the third 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 last quarter. Finally, 49 Wealth Management LLC grew its stake in shares of US Treasury 2 Year Note ETF by 4.2% in the 4th quarter. 49 Wealth Management LLC now owns 158,851 shares of the company’s stock worth $7,715,000 after buying an additional 6,357 shares in the last quarter.

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.