US Treasury 2 Year Note ETF (NASDAQ:UTWO) Stock Price Up 0% – Still a Buy?

US Treasury 2 Year Note ETF (NASDAQ:UTWO) shot up 0% during mid-day trading on Thursday . The stock traded as high as $48.66 and last traded at $48.6550. 45,660 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 77,450 shares. The stock had previously closed at $48.65.

US Treasury 2 Year Note ETF Price Performance

The firm’s fifty day moving average price is $48.59 and its two-hundred day moving average price is $48.56.

US Treasury 2 Year Note ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Thursday, January 29th were issued a $0.1377 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, January 29th. 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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Crews Bank & Trust lifted its position 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 buying an additional 1,035 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in shares of US Treasury 2 Year Note ETF by 0.8% in the 2nd quarter. 49 Wealth Management LLC now owns 141,258 shares of the company’s stock worth $6,857,000 after acquiring an additional 1,083 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of US Treasury 2 Year Note ETF by 17.6% in the 4th 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 in the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. grew its holdings 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 during the last quarter.

US Treasury 2 Year Note ETF Company Profile

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.