US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Strong Trading Volume

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw strong trading volume on Thursday . 738,015 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 1,027,472 shares.The stock last traded at $49.92 and had previously closed at $49.90.

US Treasury 3 Month Bill ETF Price Performance

The company has a 50-day moving average price of $49.92 and a 200 day moving average price of $49.93.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 2nd. Shareholders of record on Thursday, August 1st were issued a $0.2176 dividend. This represents a $2.61 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date of this dividend was Thursday, August 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF in the 1st quarter valued at approximately $53,000. Valeo Financial Advisors LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter worth $230,000. Kingswood Wealth Advisors LLC boosted its stake in shares of US Treasury 3 Month Bill ETF by 13.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock valued at $541,000 after buying an additional 1,285 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of US Treasury 3 Month Bill ETF during the 4th quarter valued at approximately $625,000. Finally, Verity Asset Management Inc. acquired a new position in shares of US Treasury 3 Month Bill ETF during the 1st quarter worth $248,000.

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.