49 Wealth Management LLC Boosts Holdings in US Treasury 2 Year Note ETF (NASDAQ:UTWO)

49 Wealth Management LLC lifted its position in shares of US Treasury 2 Year Note ETF (NASDAQ:UTWO) by 19.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,372 shares of the company’s stock after buying an additional 12,658 shares during the period. US Treasury 2 Year Note ETF makes up approximately 0.6% of 49 Wealth Management LLC’s portfolio, making the stock its 28th largest position. 49 Wealth Management LLC owned about 0.79% of US Treasury 2 Year Note ETF worth $3,724,000 at the end of the most recent quarter.

US Treasury 2 Year Note ETF Stock Performance

Shares of UTWO opened at $48.09 on Friday. The company’s 50-day moving average price is $48.41 and its 200 day moving average price is $48.21. US Treasury 2 Year Note ETF has a 12-month low of $47.56 and a 12-month high of $48.86.

US Treasury 2 Year Note ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were given a dividend of $0.1348 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.36%.

US Treasury 2 Year Note ETF 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.