US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Large Volume Increase – Here’s Why

Shares of US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw an uptick in trading volume on Thursday . 2,609,749 shares were traded during trading, an increase of 143% from the previous session’s volume of 1,075,989 shares.The stock last traded at $49.94 and had previously closed at $49.93.

US Treasury 3 Month Bill ETF Stock Performance

The company has a 50-day moving average of $49.94 and a 200 day moving average of $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were given a dividend of $0.206 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.95%.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new position in US Treasury 3 Month Bill ETF during the first quarter valued at approximately $53,000. Valeo Financial Advisors LLC purchased a new position in US Treasury 3 Month Bill ETF in the 2nd quarter worth $230,000. Strategic Blueprint LLC purchased a new position in US Treasury 3 Month Bill ETF in the 2nd quarter worth $254,000. Kingswood Wealth Advisors LLC lifted its stake in 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 worth $541,000 after purchasing an additional 1,285 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new stake in US Treasury 3 Month Bill ETF during the first quarter valued at about $248,000.

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.