US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Stock Price Up 0.1% – What’s Next?

Shares of US Treasury 12 Month Bill ETF (NASDAQ:OBIL) rose 0.1% during mid-day trading on Friday . The stock traded as high as $50.19 and last traded at $50.19. Approximately 30,301 shares traded hands during trading, a decline of 29% from the average daily volume of 42,620 shares. The stock had previously closed at $50.12.

US Treasury 12 Month Bill ETF Stock Performance

The company has a 50 day simple moving average of $50.10 and a 200-day simple moving average of $50.11.

US Treasury 12 Month Bill ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.1573 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a yield of 3.8%.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

Several hedge funds have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC lifted its stake in US Treasury 12 Month Bill ETF by 2,385.1% during the second quarter. Flow Traders U.S. LLC now owns 105,367 shares of the company’s stock worth $5,289,000 after purchasing an additional 101,127 shares during the last quarter. Wealthquest Corp increased its holdings in shares of US Treasury 12 Month Bill ETF by 4.8% in the first quarter. Wealthquest Corp now owns 734,138 shares of the company’s stock worth $36,857,000 after buying an additional 33,536 shares during the period. Financial Gravity Asset Management Inc. purchased a new position in shares of US Treasury 12 Month Bill ETF in the first quarter worth about $39,000. 49 Wealth Management LLC increased its holdings in shares of US Treasury 12 Month Bill ETF by 1.0% in the first quarter. 49 Wealth Management LLC now owns 278,930 shares of the company’s stock worth $14,004,000 after buying an additional 2,736 shares during the period. Finally, Alpine Bank Wealth Management purchased a new position in shares of US Treasury 12 Month Bill ETF in the first quarter worth about $2,967,000.

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.