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

Shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) shot up 0.1% during mid-day trading on Thursday . The company traded as high as $48.06 and last traded at $48.03. 111,947 shares were traded during mid-day 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 Trading Up 0.1%

The business’s fifty day simple moving average is $48.17 and its 200-day simple moving average is $48.40.

US Treasury 2 Year Note ETF Cuts Dividend

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

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

Several large investors have recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. raised its stake in US Treasury 2 Year Note ETF by 3.7% during the third 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. 49 Wealth Management LLC lifted its stake in US Treasury 2 Year Note ETF by 8.0% in the third quarter. 49 Wealth Management LLC now owns 152,494 shares of the company’s stock worth $7,406,000 after purchasing an additional 11,236 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in shares of US Treasury 2 Year Note ETF by 17.6% during the 4th quarter. CoreCap Advisors LLC now owns 10,408 shares of the company’s stock worth $505,000 after acquiring an additional 1,556 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.