US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $49.93 and traded as high as $49.98. US Treasury 12 Month Bill ETF shares last traded at $49.97, with a volume of 54,315 shares.

US Treasury 12 Month Bill ETF Trading Up 0.1%

The stock has a 50-day moving average price of $49.93 and a 200 day moving average price of $50.07.

Institutional Inflows and Outflows

An institutional investor recently raised its position in US Treasury 12 Month Bill ETF stock. Alpine Bank Wealth Management raised its position in US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,971 shares of the company’s stock after buying an additional 12,042 shares during the quarter. Alpine Bank Wealth Management owned approximately 1.34% of US Treasury 12 Month Bill ETF worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.

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.