US Treasury 2 Year Note ETF (NASDAQ:UTWO) Shares Down 0% – Time to Sell?

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

US Treasury 2 Year Note ETF Trading Up 0.1%

The business has a fifty day simple moving average of $48.59 and a two-hundred day simple moving average of $48.52.

US Treasury 2 Year Note ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.1309 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Tuesday, December 30th.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC raised its holdings in US Treasury 2 Year Note ETF by 17.6% in the fourth quarter. CoreCap Advisors LLC now owns 10,408 shares of the company’s stock worth $505,000 after purchasing an additional 1,556 shares in the last quarter. 49 Wealth Management LLC grew its position in shares of US Treasury 2 Year Note ETF by 8.0% in the 3rd quarter. 49 Wealth Management LLC now owns 152,494 shares of the company’s stock worth $7,406,000 after buying an additional 11,236 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its stake in shares of 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 acquiring an additional 1,613 shares in the last quarter. Crews Bank & Trust lifted its position in US Treasury 2 Year Note ETF by 18.6% during the third quarter. Crews Bank & Trust now owns 6,610 shares of the company’s stock valued at $321,000 after acquiring 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 valued at approximately $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.