US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Sets New 52-Week High – Time to Buy?

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

US Treasury 6 Month Bill ETF Stock Performance

The firm has a 50-day moving average price of $50.11 and a 200-day moving average price of $50.10.

US Treasury 6 Month Bill ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Tuesday, April 1st were given a $0.1737 dividend. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. 49 Wealth Management LLC grew its holdings 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 purchasing an additional 88,509 shares during the period. Copia Wealth Management bought a new stake in US Treasury 6 Month Bill ETF in the 4th quarter valued at about $4,851,000. Janney Montgomery Scott LLC lifted its holdings in US Treasury 6 Month Bill ETF by 82.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 88,706 shares of the company’s stock valued at $4,438,000 after purchasing an additional 40,123 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in US Treasury 6 Month Bill ETF during the fourth quarter worth about $1,135,000.

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.