US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Sees Strong Trading Volume Following Dividend Announcement

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw an uptick in trading volume on Monday following a dividend announcement from the company. 2,604,207 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 1,314,869 shares.The stock last traded at $50.01 and had previously closed at $49.99.

The newly announced dividend which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, April 1st will be paid a $0.1731 dividend. This is a positive change from US Treasury 3 Month Bill ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Tuesday, April 1st.

US Treasury 3 Month Bill ETF Trading Up 0.0 %

The business’s 50-day simple moving average is $49.94 and its two-hundred day simple moving average is $49.94.

Institutional Investors Weigh In On US Treasury 3 Month Bill ETF

A number of institutional investors have recently modified their holdings of TBIL. EverSource Wealth Advisors LLC lifted its holdings in US Treasury 3 Month Bill ETF by 15.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,532 shares of the company’s stock valued at $176,000 after buying an additional 470 shares during the period. Strategic Advocates LLC raised its position in shares of US Treasury 3 Month Bill ETF by 13.6% in the 4th quarter. Strategic Advocates LLC now owns 5,170 shares of the company’s stock worth $258,000 after acquiring an additional 620 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of US Treasury 3 Month Bill ETF by 5.3% during the 4th quarter. Strategic Blueprint LLC now owns 8,442 shares of the company’s stock valued at $421,000 after purchasing an additional 425 shares in the last quarter. Fiduciary Alliance LLC bought a new stake in shares of US Treasury 3 Month Bill ETF during the 4th quarter valued at about $656,000. Finally, Flow Traders U.S. LLC acquired a new stake in US Treasury 3 Month Bill ETF during the third quarter worth approximately $957,000.

About US Treasury 3 Month Bill ETF

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.