US Treasury 3 Month Bill ETF (NASDAQ:TBIL – Get Free Report) shares reached a new 52-week low on Tuesday. The stock traded as low as $49.82 and last traded at $49.8250, with a volume of 180,857 shares traded. The stock had previously closed at $49.99.
US Treasury 3 Month Bill ETF Price Performance
The stock’s 50-day moving average is $49.92 and its 200 day moving average is $49.92.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TBIL. Alpine Bank Wealth Management increased its holdings in shares of US Treasury 3 Month Bill ETF by 198.2% in the third quarter. Alpine Bank Wealth Management now owns 872,100 shares of the company’s stock worth $43,474,000 after acquiring an additional 579,652 shares in the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of US Treasury 3 Month Bill ETF by 53.5% during the third quarter. Kingswood Wealth Advisors LLC now owns 162,284 shares of the company’s stock worth $8,090,000 after purchasing an additional 56,548 shares during the period. Parallel Advisors LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 13.2% during the 1st quarter. Parallel Advisors LLC now owns 65,227 shares of the company’s stock valued at $3,252,000 after purchasing an additional 7,593 shares in the last quarter. Fifth Third Securities Inc. bought a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at about $1,888,000. Finally, Principia Wealth Advisory LLC lifted its holdings in shares of US Treasury 3 Month Bill ETF by 28.6% during the 2nd quarter. Principia Wealth Advisory LLC now owns 23,058 shares of the company’s stock valued at $1,150,000 after purchasing an additional 5,126 shares in the last quarter.
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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.
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