US Treasury 2 Year Note ETF (NASDAQ:UTWO) Sets New 12-Month Low – Time to Sell?

Shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $46.92 and last traded at $47.5390, with a volume of 148 shares changing hands. The stock had previously closed at $47.53.

US Treasury 2 Year Note ETF Trading Up 0.0%

The stock’s fifty day moving average is $47.68 and its two-hundred day moving average is $47.95.

US Treasury 2 Year Note ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 27th were issued a dividend of $0.1641 per share. The ex-dividend date was Thursday, August 27th. This is a boost from US Treasury 2 Year Note ETF’s previous dividend of $0.1588.

Institutional Investors Weigh In On US Treasury 2 Year Note ETF

A hedge fund recently raised its stake in US Treasury 2 Year Note ETF stock. CoreCap Advisors LLC increased its holdings in shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 27.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,908 shares of the company’s stock after buying an additional 3,629 shares during the quarter. CoreCap Advisors LLC owned 0.17% of US Treasury 2 Year Note ETF worth $811,000 as of its most recent filing with the Securities and Exchange Commission.

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.