Convergence Financial LLC Boosts Holdings in Global X 1-3 Month T-Bill ETF $CLIP

Convergence Financial LLC raised its stake in shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) by 36.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,109 shares of the company’s stock after buying an additional 18,545 shares during the quarter. Global X 1-3 Month T-Bill ETF comprises approximately 1.0% of Convergence Financial LLC’s holdings, making the stock its 28th largest position. Convergence Financial LLC owned about 0.46% of Global X 1-3 Month T-Bill ETF worth $6,940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLIP. Pasadena Private Wealth LLC bought a new position in shares of Global X 1-3 Month T-Bill ETF during the second quarter worth $37,970,000. MJP Associates Inc. ADV lifted its stake in Global X 1-3 Month T-Bill ETF by 14,344.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 354,039 shares of the company’s stock worth $35,553,000 after purchasing an additional 351,588 shares in the last quarter. 49 Wealth Management LLC boosted its holdings in shares of Global X 1-3 Month T-Bill ETF by 57.9% during the 2nd quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock valued at $63,670,000 after purchasing an additional 232,538 shares during the last quarter. Global X Japan Co. Ltd. increased its holdings in shares of Global X 1-3 Month T-Bill ETF by 123.7% in the third quarter. Global X Japan Co. Ltd. now owns 225,539 shares of the company’s stock worth $22,649,000 after purchasing an additional 124,731 shares during the last quarter. Finally, APS Management Group Inc. bought a new stake in shares of Global X 1-3 Month T-Bill ETF in the third quarter worth about $12,411,000.

Global X 1-3 Month T-Bill ETF Price Performance

Shares of Global X 1-3 Month T-Bill ETF stock opened at $100.30 on Friday. The stock has a 50 day moving average of $100.24 and a 200 day moving average of $100.25. Global X 1-3 Month T-Bill ETF has a 12 month low of $100.02 and a 12 month high of $100.47.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.308 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%.

Global X 1-3 Month T-Bill ETF Company Profile

The Global X 1-3 Month T-Bill ETF (CLIP) is an exchange-traded fund that is based on the Solactive 1-3 month US T-Bill – USD index. The fund tracks a market value-weighted index of USD-denominated, zero-coupon US Treasury bills with a time to maturity of one to three months. CLIP was launched on Jun 20, 2023 and is managed by Global X.