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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw strong trading volume on Tuesday . 748,839 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 1,100,611 shares.The stock last traded at $49.96 and had previously closed at $49.94.

US Treasury 3 Month Bill ETF Stock Up 0.0 %

The company’s fifty day moving average price is $49.94 and its 200-day moving average price is $49.93.

US Treasury 3 Month Bill ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, November 4th. Stockholders of record on Friday, November 1st were paid a dividend of $0.1874 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.25 dividend on an annualized basis and a dividend yield of 4.50%.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of large investors have recently modified their holdings of TBIL. EverSource Wealth Advisors LLC lifted its stake in US Treasury 3 Month Bill ETF by 48.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the company’s stock worth $79,000 after acquiring an additional 519 shares during the period. SouthState Corp purchased a new stake in shares of US Treasury 3 Month Bill ETF in the 2nd quarter worth approximately $35,000. Creative Financial Designs Inc. ADV boosted its stake in shares of US Treasury 3 Month Bill ETF by 102.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,472 shares of the company’s stock valued at $74,000 after purchasing an additional 745 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in US Treasury 3 Month Bill ETF by 13.5% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock valued at $541,000 after buying an additional 1,285 shares during the period. Finally, Transcendent Capital Group LLC raised its stake in US Treasury 3 Month Bill ETF by 14.8% in the third quarter. Transcendent Capital Group LLC now owns 14,837 shares of the company’s stock worth $742,000 after buying an additional 1,910 shares in the last quarter.

US Treasury 3 Month Bill ETF Company Profile

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.