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

US Treasury 3 Month Bill ETF (NASDAQ:TBIL) saw an uptick in trading volume on Monday after the company announced a dividend. 2,604,207 shares were traded 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. Shareholders 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 is Tuesday, April 1st.

US Treasury 3 Month Bill ETF Stock Performance

The stock’s 50 day moving average price is $49.94 and its 200 day moving average price is $49.94.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. 49 Wealth Management LLC raised its stake in shares of US Treasury 3 Month Bill ETF by 96.1% during the 4th quarter. 49 Wealth Management LLC now owns 284,284 shares of the company’s stock worth $14,174,000 after purchasing an additional 139,348 shares in the last quarter. Copia Wealth Management acquired a new position in US Treasury 3 Month Bill ETF during the fourth quarter worth $6,395,000. Transcendent Capital Group LLC raised its position in US Treasury 3 Month Bill ETF by 347.5% during the fourth quarter. Transcendent Capital Group LLC now owns 66,395 shares of the company’s stock worth $3,310,000 after acquiring an additional 51,558 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in US Treasury 3 Month Bill ETF by 217.3% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 63,610 shares of the company’s stock valued at $3,172,000 after acquiring an additional 43,563 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of US Treasury 3 Month Bill ETF by 114.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 66,816 shares of the company’s stock valued at $3,331,000 after acquiring an additional 35,626 shares during the period.

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.