US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Reaches New 12-Month High – Still a Buy?

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

US Treasury 6 Month Bill ETF Price Performance

The business’s fifty day moving average price is $50.11 and its 200-day moving average price is $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

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

Institutional Trading of US Treasury 6 Month Bill ETF

Large investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new position in US Treasury 6 Month Bill ETF in the fourth quarter worth $1,135,000. Janney Montgomery Scott LLC boosted its stake in US Treasury 6 Month Bill ETF by 82.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock worth $4,438,000 after buying an additional 40,123 shares in the last quarter. Copia Wealth Management bought a new position in US Treasury 6 Month Bill ETF during the fourth quarter valued at approximately $4,851,000. Finally, 49 Wealth Management LLC grew its position in US Treasury 6 Month Bill ETF by 46.9% during the fourth quarter. 49 Wealth Management LLC now owns 277,181 shares of the company’s stock valued at $13,869,000 after acquiring an additional 88,509 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.