US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sees Large Volume Increase Following Dividend Announcement

US Treasury 6 Month Bill ETF (NASDAQ:XBIL) saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 96,250 shares traded hands during mid-day trading, a decline of 29% from the previous session’s volume of 135,697 shares.The stock last traded at $50.03 and had previously closed at $50.17.

The newly announced dividend which will be paid on Wednesday, April 29th. Stockholders of record on Tuesday, April 28th were given a $0.1494 dividend. The ex-dividend date of this dividend was Tuesday, April 28th. This is a positive change from US Treasury 6 Month Bill ETF’s previous dividend of $0.15.

US Treasury 6 Month Bill ETF Price Performance

The stock has a 50-day moving average price of $50.10 and a two-hundred day moving average price of $50.12.

Institutional Investors Weigh In On US Treasury 6 Month Bill ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Investment Advisory LLC increased its position in shares of 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 acquiring an additional 2,125 shares during the period. Integrated Wealth Concepts LLC grew its stake in US Treasury 6 Month Bill ETF by 7.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 133,576 shares of the company’s stock valued at $6,688,000 after purchasing an additional 9,003 shares during the last quarter. Ibex Wealth Advisors purchased a new stake in US Treasury 6 Month Bill ETF during the 1st quarter valued at about $504,000. Finally, Alpine Bank Wealth Management grew its stake in US Treasury 6 Month Bill ETF by 110.8% during the 3rd quarter. Alpine Bank Wealth Management now owns 39,850 shares of the company’s stock valued at $2,000,000 after purchasing an additional 20,945 shares during the last quarter.

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