US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sets New 1-Year Low – Here’s Why

Shares of US Treasury 3 Month Bill ETF (NASDAQ:TBIL) hit a new 52-week low during trading on Thursday . The stock traded as low as $49.84 and last traded at $49.85, with a volume of 324432 shares traded. The stock had previously closed at $50.00.

US Treasury 3 Month Bill ETF Price Performance

The stock’s 50 day simple moving average is $49.93 and its two-hundred day simple moving average is $49.92.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, July 29th. Investors of record on Tuesday, July 28th were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, July 28th.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Several institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in US Treasury 3 Month Bill ETF during the second quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the fourth quarter valued at $90,000. Sound Income Strategies LLC bought a new stake in shares of US Treasury 3 Month Bill ETF in the first quarter valued at $116,000. Sunbelt Securities Inc. purchased a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at $156,000. Finally, Vermillion & White Wealth Management Group LLC grew its stake in shares of US Treasury 3 Month Bill ETF by 16.3% during the 4th quarter. Vermillion & White Wealth Management Group LLC now owns 4,607 shares of the company’s stock worth $231,000 after acquiring an additional 646 shares during the period.

US Treasury 3 Month Bill ETF Company Profile

The US Treasury 3 Month Bill ETF (TBIL) is an exchange-traded fund that is based on the ICE BofA US Treasury Bill 3 Month index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 3-month US Treasury Bill. The fund is designed for those specifically required to track the 3-month tenor on the yield curve. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.