US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Large Volume Increase – What’s Next?

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw unusually-strong trading volume on Friday . Approximately 1,835,879 shares traded hands during trading, an increase of 71% from the previous session’s volume of 1,070,571 shares.The stock last traded at $50.00 and had previously closed at $49.97.

US Treasury 3 Month Bill ETF Stock Performance

The stock’s fifty day moving average price is $49.94 and its two-hundred day moving average price is $49.93.

US Treasury 3 Month Bill ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.206 per share. The ex-dividend date was Tuesday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.94%.

Institutional Trading of US Treasury 3 Month Bill ETF

A number of institutional investors have recently modified their holdings of the company. Longview Financial Advisors Inc. boosted its holdings in shares of US Treasury 3 Month Bill ETF by 2.9% during the third quarter. Longview Financial Advisors Inc. now owns 242,471 shares of the company’s stock worth $12,090,000 after purchasing an additional 6,798 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in US Treasury 3 Month Bill ETF by 24.7% in the second quarter. Moloney Securities Asset Management LLC now owns 234,092 shares of the company’s stock worth $11,709,000 after buying an additional 46,427 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in US Treasury 3 Month Bill ETF by 20.1% in the second quarter. Ashton Thomas Private Wealth LLC now owns 76,244 shares of the company’s stock worth $3,814,000 after buying an additional 12,772 shares during the period. AdvisorNet Financial Inc purchased a new stake in US Treasury 3 Month Bill ETF in the second quarter worth about $2,466,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in US Treasury 3 Month Bill ETF in the third quarter worth about $1,114,000.

US Treasury 3 Month Bill ETF Company 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.