US Treasury 2 Year Note ETF (NASDAQ:UTWO) Trading Up 0.1% – Here’s Why

US Treasury 2 Year Note ETF (NASDAQ:UTWO)’s share price was up 0.1% during mid-day trading on Thursday . The company traded as high as $48.06 and last traded at $48.03. Approximately 111,947 shares were traded during trading, an increase of 41% from the average daily volume of 79,656 shares. The stock had previously closed at $47.97.

US Treasury 2 Year Note ETF Stock Performance

The firm has a fifty day moving average price of $48.17 and a 200 day moving average price of $48.40.

US Treasury 2 Year Note ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.1445 per share. The ex-dividend date was Thursday, May 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in shares of 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 acquiring an additional 1,556 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its position in shares of US Treasury 2 Year Note ETF by 3.7% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 45,384 shares of the company’s stock valued at $2,204,000 after acquiring an additional 1,613 shares in the last quarter. Finally, 49 Wealth Management LLC lifted 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 valued at $7,406,000 after acquiring an additional 11,236 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.