US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sets New 12-Month Low – Should You Sell?

US Treasury 3 Month Bill ETF (NASDAQ:TBIL)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $49.84 and last traded at $49.85, with a volume of 324432 shares. The stock had previously closed at $50.00.

US Treasury 3 Month Bill ETF Stock Up 0.0%

The firm’s fifty day simple moving average is $49.93 and its 200 day simple moving average is $49.92.

US Treasury 3 Month Bill ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, August 28th. Investors of record on Thursday, August 27th were given a dividend of $0.1542 per share. The ex-dividend date was Thursday, August 27th. This is a positive change from US Treasury 3 Month Bill ETF’s previous dividend of $0.15.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ruggiero Investments Inc. acquired a new position in shares of US Treasury 3 Month Bill ETF during the 4th quarter worth $1,899,000. Wealthquest Corp lifted its position in shares of US Treasury 3 Month Bill ETF by 10.9% during the 4th quarter. Wealthquest Corp now owns 250,202 shares of the company’s stock worth $12,480,000 after buying an additional 24,626 shares during the last quarter. Ibex Wealth Advisors boosted its stake in US Treasury 3 Month Bill ETF by 11.3% in the fourth quarter. Ibex Wealth Advisors now owns 326,600 shares of the company’s stock valued at $16,291,000 after buying an additional 33,279 shares in the last quarter. Claris Financial LLC acquired a new stake in US Treasury 3 Month Bill ETF in the fourth quarter valued at about $786,000. Finally, Capital Square LLC acquired a new stake in US Treasury 3 Month Bill ETF in the second quarter valued at about $643,000.

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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.