US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Hits New 12-Month Low – Here’s What Happened

Shares of US Treasury 6 Month Bill ETF (NASDAQ:XBIL) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.98 and last traded at $49.99, with a volume of 8418 shares trading hands. The stock had previously closed at $50.13.

US Treasury 6 Month Bill ETF Price Performance

The stock’s 50-day simple moving average is $50.08 and its 200 day simple moving average is $50.10.

US Treasury 6 Month Bill ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 29th were issued a $0.1479 dividend. The ex-dividend date of this dividend was Monday, June 29th. This is an increase from US Treasury 6 Month Bill ETF’s previous dividend of $0.15.

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. Harbor Investment Advisory LLC raised its position in US Treasury 6 Month Bill ETF by 7.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 30,057 shares of the company’s stock valued at $1,504,000 after purchasing an additional 2,125 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of US Treasury 6 Month Bill ETF by 1,522.9% during the first quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock worth $270,000 after purchasing an additional 5,056 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. increased its stake in shares of US Treasury 6 Month Bill ETF by 52.5% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after buying an additional 7,295 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of US Treasury 6 Month Bill ETF by 7.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 133,576 shares of the company’s stock valued at $6,688,000 after buying an additional 9,003 shares in the last quarter. Finally, Ibex Wealth Advisors bought a new position in shares of US Treasury 6 Month Bill ETF in the first quarter valued at about $504,000.

US Treasury 6 Month Bill ETF Company Profile

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. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.