US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Unusually-High Trading Volume – Time to Buy?

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw unusually-strong trading volume on Monday . Approximately 2,604,207 shares traded hands during mid-day trading, an increase of 98% from the previous session’s volume of 1,314,869 shares.The stock last traded at $50.01 and had previously closed at $49.99.

US Treasury 3 Month Bill ETF Price Performance

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

US Treasury 3 Month Bill ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 4th. Investors of record on Monday, March 3rd were paid a $0.1728 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On US Treasury 3 Month Bill ETF

Large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 15.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,532 shares of the company’s stock valued at $176,000 after buying an additional 470 shares in the last quarter. Strategic Advocates LLC lifted its position in shares of US Treasury 3 Month Bill ETF by 13.6% during the fourth quarter. Strategic Advocates LLC now owns 5,170 shares of the company’s stock worth $258,000 after acquiring an additional 620 shares in the last quarter. Strategic Blueprint LLC boosted its stake in US Treasury 3 Month Bill ETF by 5.3% in the 4th quarter. Strategic Blueprint LLC now owns 8,442 shares of the company’s stock worth $421,000 after purchasing an additional 425 shares during the period. Fiduciary Alliance LLC bought a new position in shares of US Treasury 3 Month Bill ETF in the fourth quarter worth $656,000. Finally, Flow Traders U.S. LLC bought a new stake in US Treasury 3 Month Bill ETF during the third quarter valued at approximately $957,000.

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.