US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Stock Price Up 0% – Still a Buy?

US Treasury 6 Month Bill ETF (NASDAQ:XBIL)’s share price was up 0% during mid-day trading on Tuesday . The stock traded as high as $50.12 and last traded at $50.11. Approximately 99,531 shares changed hands during trading, a decline of 22% from the average daily volume of 127,748 shares. The stock had previously closed at $50.10.

US Treasury 6 Month Bill ETF Stock Performance

The business’s 50 day simple moving average is $50.09 and its 200 day simple moving average is $50.11.

US Treasury 6 Month Bill ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 28th were given a dividend of $0.1473 per share. The ex-dividend date of this dividend was Thursday, May 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Harbor Investment Advisory LLC increased its stake in US Treasury 6 Month Bill ETF by 7.6% during the first quarter. Harbor Investment Advisory LLC now owns 30,057 shares of the company’s stock worth $1,504,000 after acquiring an additional 2,125 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of US Treasury 6 Month Bill ETF by 1,522.9% in the 1st quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock valued at $270,000 after purchasing an additional 5,056 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. lifted its stake in shares of US Treasury 6 Month Bill ETF by 52.5% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after purchasing an additional 7,295 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of US Treasury 6 Month Bill ETF by 7.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 133,576 shares of the company’s stock worth $6,688,000 after purchasing an additional 9,003 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of US Treasury 6 Month Bill ETF during the 1st quarter worth $504,000.

US Treasury 6 Month Bill ETF Company 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. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.