US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Unusually-High Trading Volume – What’s Next?

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) shares saw strong trading volume on Tuesday . 748,839 shares were traded during mid-day trading, a decline of 32% from the previous session’s volume of 1,100,611 shares.The stock last traded at $49.96 and had previously closed at $49.94.

US Treasury 3 Month Bill ETF Stock Up 0.0 %

The firm’s 50 day moving average is $49.94 and its 200-day moving average is $49.93.

US Treasury 3 Month Bill ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 4th. Investors of record on Friday, November 1st were issued a $0.1874 dividend. This represents a $2.25 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, November 1st.

Institutional Trading of US Treasury 3 Month Bill ETF

Institutional investors have recently modified their holdings of the stock. Verity Asset Management Inc. acquired a new stake in US Treasury 3 Month Bill ETF in the 1st quarter worth about $248,000. EverSource Wealth Advisors LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF during the first quarter worth approximately $53,000. Kingswood Wealth Advisors LLC lifted its holdings in US Treasury 3 Month Bill ETF by 13.5% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock valued at $541,000 after purchasing an additional 1,285 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in US Treasury 3 Month Bill ETF in the 2nd quarter valued at $230,000. Finally, AdvisorNet Financial Inc acquired a new stake in US Treasury 3 Month Bill ETF during the 2nd quarter worth $2,466,000.

About US Treasury 3 Month Bill ETF

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.