PVG Asset Management Corp Makes New Investment in US Treasury 6 Month Bill ETF (NASDAQ:XBIL)

PVG Asset Management Corp acquired a new stake in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,450 shares of the company’s stock, valued at approximately $473,000. US Treasury 6 Month Bill ETF makes up 1.9% of PVG Asset Management Corp’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Trivant Custom Portfolio Group LLC boosted its holdings in shares of US Treasury 6 Month Bill ETF by 178.9% during the first quarter. Trivant Custom Portfolio Group LLC now owns 502 shares of the company’s stock worth $25,000 after purchasing an additional 322 shares during the last quarter. Zions Bancorporation N.A. purchased a new stake in US Treasury 6 Month Bill ETF in the second quarter valued at approximately $426,000. Bank of New York Mellon Corp increased its position in US Treasury 6 Month Bill ETF by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 16,662 shares of the company’s stock worth $834,000 after purchasing an additional 867 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its stake in US Treasury 6 Month Bill ETF by 72.6% during the first quarter. Flow Traders U.S. LLC now owns 64,133 shares of the company’s stock worth $3,214,000 after purchasing an additional 26,976 shares during the period.

US Treasury 6 Month Bill ETF Stock Performance

XBIL stock opened at $50.20 on Tuesday. The business has a fifty day simple moving average of $50.08 and a 200-day simple moving average of $50.03. US Treasury 6 Month Bill ETF has a 52 week low of $49.83 and a 52 week high of $50.30.

US Treasury 6 Month Bill ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 4th. Investors of record on Tuesday, September 3rd were given a dividend of $0.2093 per share. This represents a $2.51 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Tuesday, September 3rd.

US Treasury 6 Month Bill ETF 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.