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

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw unusually-strong trading volume on Monday . Approximately 160,252 shares traded hands during trading, an increase of 19% from the previous session’s volume of 134,607 shares.The stock last traded at $50.11 and had previously closed at $50.10.

US Treasury 6 Month Bill ETF Trading Up 0.0 %

The stock’s 50-day simple moving average is $50.09 and its 200-day simple moving average is $50.06.

US Treasury 6 Month Bill ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, November 4th. Shareholders of record on Friday, November 1st were given a dividend of $0.1763 per share. This represents a $2.12 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Trading of US Treasury 6 Month Bill ETF

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp boosted its holdings in shares of US Treasury 6 Month Bill ETF by 5.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock valued at $834,000 after buying an additional 867 shares in the last quarter. Zions Bancorporation N.A. bought a new position in US Treasury 6 Month Bill ETF in the 2nd quarter worth about $426,000. PVG Asset Management Corp bought a new position in US Treasury 6 Month Bill ETF in the 2nd quarter worth about $473,000. GoalVest Advisory LLC bought a new position in US Treasury 6 Month Bill ETF in the 3rd quarter worth about $828,000. Finally, 49 Wealth Management LLC boosted its stake in US Treasury 6 Month Bill ETF by 14.4% in the 3rd quarter. 49 Wealth Management LLC now owns 188,672 shares of the company’s stock worth $9,471,000 after purchasing an additional 23,792 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.