49 Wealth Management LLC Boosts Position in US Treasury 12 Month Bill ETF (NASDAQ:OBIL)

49 Wealth Management LLC raised its stake in shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) by 27.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 276,194 shares of the company’s stock after buying an additional 60,297 shares during the quarter. US Treasury 12 Month Bill ETF comprises 2.0% of 49 Wealth Management LLC’s portfolio, making the stock its 16th largest holding. 49 Wealth Management LLC owned approximately 5.07% of US Treasury 12 Month Bill ETF worth $13,826,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Crews Bank & Trust purchased a new position in shares of US Treasury 12 Month Bill ETF during the fourth quarter worth about $160,000.

US Treasury 12 Month Bill ETF Price Performance

Shares of NASDAQ OBIL opened at $50.08 on Thursday. US Treasury 12 Month Bill ETF has a 12 month low of $49.66 and a 12 month high of $50.31. The business has a 50-day moving average of $50.12 and a 200-day moving average of $50.09.

US Treasury 12 Month Bill ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 2nd. Stockholders of record on Thursday, May 1st were issued a dividend of $0.1621 per share. The ex-dividend date was Thursday, May 1st.

About US Treasury 12 Month Bill ETF

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.