US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Trading 0% Higher – Should You Buy?

Shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) traded up 0% during mid-day trading on Tuesday . The company traded as high as $50.12 and last traded at $50.12. Approximately 42,382 shares were traded during trading, a decline of 3% from the average session volume of 43,741 shares. The stock had previously closed at $50.10.

US Treasury 12 Month Bill ETF Trading Up 0.0%

The stock has a fifty day moving average of $50.05 and a 200-day moving average of $50.11.

US Treasury 12 Month Bill ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 29th. Stockholders of record on Tuesday, July 28th were given a dividend of $0.1648 per share. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date was Tuesday, July 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OBIL. Nations Financial Group Inc. IA ADV increased its stake in US Treasury 12 Month Bill ETF by 8.3% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 149,397 shares of the company’s stock worth $7,481,000 after buying an additional 11,509 shares during the period. Marshall & Sterling Wealth Advisors Inc. boosted its position in US Treasury 12 Month Bill ETF by 76.6% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock valued at $1,353,000 after buying an additional 11,716 shares during the period. Finally, NewEdge Advisors LLC boosted its position in US Treasury 12 Month Bill ETF by 6,810.5% in the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock valued at $694,000 after buying an additional 13,621 shares during the period.

US Treasury 12 Month Bill ETF Company Profile

The US Treasury 12 Month Bill ETF (OBIL) is an exchange-traded fund that is based on the ICE BofA US 1-Year Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 12-month US Treasury bill. The fund is designed for those specifically required to track the 12-month tenor on the yield curve OBIL was launched on Nov 15, 2022 and is managed by F/m Investments.