US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Trading 0% Higher – Still a Buy?

US Treasury 6 Month Bill ETF (NASDAQ:XBIL)’s stock price rose 0% on Tuesday . The company traded as high as $50.14 and last traded at $50.14. 54,029 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 117,799 shares. The stock had previously closed at $50.12.

US Treasury 6 Month Bill ETF Price Performance

The company has a 50 day simple moving average of $50.08 and a 200-day simple moving average of $50.09.

US Treasury 6 Month Bill ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were issued a $0.1587 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, July 28th.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Ibex Wealth Advisors purchased a new position in shares of US Treasury 6 Month Bill ETF in the first quarter worth about $504,000. Integrated Wealth Concepts LLC lifted its stake in shares of US Treasury 6 Month Bill ETF by 8.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 124,573 shares of the company’s stock valued at $6,253,000 after acquiring an additional 9,831 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in US Treasury 6 Month Bill ETF by 52.5% during the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after acquiring an additional 7,295 shares during the period. Harbor Investment Advisory LLC grew its position in US Treasury 6 Month Bill ETF by 17.5% during the 2nd quarter. Harbor Investment Advisory LLC now owns 35,305 shares of the company’s stock worth $1,765,000 after acquiring an additional 5,248 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in US Treasury 6 Month Bill ETF by 1,522.9% during the 1st quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock worth $270,000 after acquiring an additional 5,056 shares during the last quarter.

US Treasury 6 Month Bill ETF Company Profile

The US Treasury 6 Month Bill ETF (XBIL) is an exchange-traded fund that is based on the ICE BofA US 6-Month Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 6-month US Treasury Bill. The fund is designed for those specifically required to track the 6-month tenor on the yield curve. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.