US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Strong Trading Volume – Time to Buy?

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw strong trading volume on Tuesday . 226,885 shares were traded during trading, an increase of 70% from the previous session’s volume of 133,422 shares.The stock last traded at $50.02 and had previously closed at $50.03.

US Treasury 6 Month Bill ETF Price Performance

The stock’s 50-day simple moving average is $50.10 and its 200 day simple moving average is $50.04.

US Treasury 6 Month Bill ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were paid a $0.1763 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, November 1st.

Institutional Trading of US Treasury 6 Month Bill ETF

Several institutional investors have recently modified their holdings of the stock. GoalVest Advisory LLC purchased a new position in US Treasury 6 Month Bill ETF during the 3rd quarter worth approximately $828,000. PVG Asset Management Corp purchased a new position in shares of US Treasury 6 Month Bill ETF during the second quarter worth approximately $473,000. Zions Bancorporation N.A. acquired a new position in shares of US Treasury 6 Month Bill ETF in the 2nd quarter valued at $426,000. Bank of New York Mellon Corp raised its position in US Treasury 6 Month Bill ETF by 5.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock valued at $834,000 after purchasing an additional 867 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC boosted its stake in US Treasury 6 Month Bill ETF by 140.4% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 1,207 shares of the company’s stock worth $60,000 after purchasing an additional 705 shares during the period.

About US Treasury 6 Month Bill ETF

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.