US Treasury 2 Year Note ETF (NASDAQ:UTWO) Hits New 12-Month Low – Should You Sell?

Shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $47.06 and last traded at $47.5890, with a volume of 1,001 shares changing hands. The stock had previously closed at $47.61.

US Treasury 2 Year Note ETF Trading Down 0.1%

The business has a fifty day moving average price of $47.56 and a 200 day moving average price of $48.05.

US Treasury 2 Year Note ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were given a dividend of $0.1641 per share. The ex-dividend date was Thursday, August 27th. This is a positive change from US Treasury 2 Year Note ETF’s previous dividend of $0.1588.

Institutional Trading of US Treasury 2 Year Note ETF

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

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.