US Treasury 2 Year Note ETF (NASDAQ:UTWO) Stock Price Up 0.1% – Still a Buy?

US Treasury 2 Year Note ETF (NASDAQ:UTWO) shares were up 0.1% during trading on Thursday . The company traded as high as $47.59 and last traded at $47.58. 324,350 shares changed hands during trading, an increase of 272% from the average session volume of 87,233 shares. The stock had previously closed at $47.53.

US Treasury 2 Year Note ETF Stock Down 0.1%

The firm’s 50 day moving average price is $47.87 and its two-hundred day moving average price is $48.08.

US Treasury 2 Year Note ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were issued a $0.1641 dividend. This is an increase from US Treasury 2 Year Note ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 27th.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in US Treasury 2 Year Note ETF stock. CoreCap Advisors LLC increased its position in US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 27.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,908 shares of the company’s stock after purchasing an additional 3,629 shares during the period. CoreCap Advisors LLC owned 0.17% of US Treasury 2 Year Note ETF worth $811,000 at the end of the most recent reporting period.

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.