US Treasury 2 Year Note ETF (NASDAQ:UTWO) Reaches New 52-Week Low – Here’s What Happened

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

US Treasury 2 Year Note ETF Stock Performance

The company’s 50 day moving average price is $47.57 and its 200-day moving average price is $48.06.

US Treasury 2 Year Note ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 28th. Shareholders of record on Thursday, August 27th were given a $0.1641 dividend. This is an increase from US Treasury 2 Year Note ETF’s previous dividend of $0.1588. The ex-dividend date of this dividend was Thursday, August 27th.

Institutional Trading of US Treasury 2 Year Note ETF

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