Parallel Advisors LLC Trims Stock Position in US Treasury 3 Month Bill ETF $TBIL

Parallel Advisors LLC lowered its stake in shares of US Treasury 3 Month Bill ETF (NASDAQ:TBIL) by 16.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 57,634 shares of the company’s stock after selling 11,461 shares during the period. Parallel Advisors LLC’s holdings in US Treasury 3 Month Bill ETF were worth $2,875,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TBIL. JPMorgan Chase & Co. raised its stake in shares of US Treasury 3 Month Bill ETF by 49,050.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 151,383 shares of the company’s stock valued at $7,568,000 after buying an additional 151,075 shares during the last quarter. Betterment LLC raised its stake in shares of US Treasury 3 Month Bill ETF by 4.2% during the 2nd quarter. Betterment LLC now owns 26,705 shares of the company’s stock valued at $1,335,000 after buying an additional 1,072 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of US Treasury 3 Month Bill ETF by 4,270.3% during the 2nd quarter. Captrust Financial Advisors now owns 187,924 shares of the company’s stock valued at $9,395,000 after buying an additional 183,624 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of US Treasury 3 Month Bill ETF by 86.4% during the 3rd quarter. Wedbush Securities Inc. now owns 12,892 shares of the company’s stock valued at $645,000 after buying an additional 5,977 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in shares of US Treasury 3 Month Bill ETF during the 3rd quarter valued at about $60,000.

US Treasury 3 Month Bill ETF Trading Up 0.0%

NASDAQ TBIL opened at $49.90 on Friday. The stock has a 50-day simple moving average of $49.92 and a two-hundred day simple moving average of $49.93. US Treasury 3 Month Bill ETF has a fifty-two week low of $49.81 and a fifty-two week high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were given a dividend of $0.1472 per share. The ex-dividend date was Thursday, May 28th.

US Treasury 3 Month Bill ETF Profile

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.