US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Hits New 12-Month Low – Should You Sell?

Shares of US Treasury 6 Month Bill ETF (NASDAQ:XBIL) reached a new 52-week low on Friday. The stock traded as low as $49.90 and last traded at $50.0040, with a volume of 1,890 shares traded. The stock had previously closed at $49.99.

US Treasury 6 Month Bill ETF Stock Performance

The company’s 50-day simple moving average is $50.06 and its 200-day simple moving average is $50.08.

Institutional Trading of US Treasury 6 Month Bill ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alpine Bank Wealth Management raised its holdings in US Treasury 6 Month Bill ETF by 10.6% in the third quarter. Alpine Bank Wealth Management now owns 163,512 shares of the company’s stock valued at $8,172,000 after buying an additional 15,642 shares during the period. Harbor Investment Advisory LLC increased its holdings in US Treasury 6 Month Bill ETF by 17.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 35,305 shares of the company’s stock valued at $1,765,000 after purchasing an additional 5,248 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. raised its position in US Treasury 6 Month Bill ETF by 52.5% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after purchasing an additional 7,295 shares during the period. Ibex Wealth Advisors acquired a new position in shares of US Treasury 6 Month Bill ETF during the first quarter worth about $504,000. Finally, NewEdge Advisors LLC grew its stake in shares of US Treasury 6 Month Bill ETF by 1,522.9% in the first quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock valued at $270,000 after buying an additional 5,056 shares in 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.