US Treasury 2 Year Note ETF (NASDAQ:UTWO) Stock Price Down 0.1% – Here’s Why

US Treasury 2 Year Note ETF (NASDAQ:UTWO)’s share price dropped 0.1% on Monday . The company traded as low as $48.63 and last traded at $48.63. Approximately 32,251 shares traded hands during trading, a decline of 56% from the average daily volume of 73,642 shares. The stock had previously closed at $48.68.

US Treasury 2 Year Note ETF Stock Down 0.1%

The company has a 50 day moving average of $48.58 and a 200-day moving average of $48.45.

US Treasury 2 Year Note ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Tuesday, December 2nd will be given a $0.1357 dividend. The ex-dividend date is Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from US Treasury 2 Year Note ETF’s previous monthly dividend of $0.13.

Hedge Funds Weigh In On US Treasury 2 Year Note ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alpine Bank Wealth Management bought a new stake in US Treasury 2 Year Note ETF in the second quarter valued at $155,000. Crews Bank & Trust raised its holdings in US Treasury 2 Year Note ETF by 18.6% in the 3rd quarter. Crews Bank & Trust now owns 6,610 shares of the company’s stock worth $321,000 after purchasing an additional 1,035 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of US Treasury 2 Year Note ETF by 2,331.9% in the 3rd quarter. CoreCap Advisors LLC now owns 8,852 shares of the company’s stock worth $430,000 after purchasing an additional 8,488 shares during the period. Marshall & Sterling Wealth Advisors Inc. boosted 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 valued at $2,204,000 after purchasing an additional 1,613 shares in the last quarter. Finally, 49 Wealth Management LLC boosted its stake in shares of US Treasury 2 Year Note ETF by 0.8% during the 2nd quarter. 49 Wealth Management LLC now owns 141,258 shares of the company’s stock valued at $6,857,000 after purchasing an additional 1,083 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.