US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Trading Up 0.1% – Time to Buy?

Shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) traded up 0.1% during mid-day trading on Thursday . The company traded as high as $50.09 and last traded at $50.08. 118,968 shares changed hands during trading, an increase of 169% from the average daily volume of 44,266 shares. The stock had previously closed at $50.05.

US Treasury 12 Month Bill ETF Stock Performance

The company has a 50 day moving average price of $50.11 and a 200 day moving average price of $50.17.

US Treasury 12 Month Bill ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Shareholders of record on Thursday, May 28th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, May 28th. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of US Treasury 12 Month Bill ETF by 6,810.5% during the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock worth $694,000 after buying an additional 13,621 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. grew its stake in US Treasury 12 Month Bill ETF by 8.8% in the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 15,508 shares of the company’s stock valued at $780,000 after acquiring an additional 1,250 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in US Treasury 12 Month Bill ETF by 1.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 137,888 shares of the company’s stock valued at $6,921,000 after acquiring an additional 2,154 shares during the last quarter.

About US Treasury 12 Month Bill ETF

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.