US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Hits New 52-Week High – Here’s Why

US Treasury 6 Month Bill ETF (NASDAQ:XBIL)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $50.22 and last traded at $50.22, with a volume of 139 shares traded. The stock had previously closed at $50.02.

US Treasury 6 Month Bill ETF Price Performance

The stock has a 50 day moving average price of $50.10 and a 200 day moving average price of $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.1737 per share. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XBIL. 49 Wealth Management LLC increased its stake in US Treasury 6 Month Bill ETF by 46.9% during the 4th quarter. 49 Wealth Management LLC now owns 277,181 shares of the company’s stock valued at $13,869,000 after purchasing an additional 88,509 shares in the last quarter. Copia Wealth Management purchased a new stake in US Treasury 6 Month Bill ETF during the 4th quarter valued at $4,851,000. Janney Montgomery Scott LLC boosted its stake in US Treasury 6 Month Bill ETF by 82.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock valued at $4,438,000 after purchasing an additional 40,123 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of US Treasury 6 Month Bill ETF in the fourth quarter worth approximately $1,135,000.

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.