49 Wealth Management LLC Has $6.86 Million Holdings in US Treasury 3 Month Bill ETF $TBIL

49 Wealth Management LLC reduced its position in shares of US Treasury 3 Month Bill ETF (NASDAQ:TBIL) by 38.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,141 shares of the company’s stock after selling 85,156 shares during the quarter. US Treasury 3 Month Bill ETF accounts for 0.7% of 49 Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. 49 Wealth Management LLC owned about 0.11% of US Treasury 3 Month Bill ETF worth $6,857,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Fiduciary Alliance LLC raised its position in US Treasury 3 Month Bill ETF by 58.6% during the third quarter. Fiduciary Alliance LLC now owns 128,123 shares of the company’s stock valued at $6,406,000 after buying an additional 47,323 shares during the period. Warner Financial Inc. purchased a new position in US Treasury 3 Month Bill ETF during the 3rd quarter valued at about $695,000. Vermillion & White Wealth Management Group LLC purchased a new position in US Treasury 3 Month Bill ETF during the 2nd quarter valued at about $198,000. Ibex Wealth Advisors increased its holdings in shares of US Treasury 3 Month Bill ETF by 12.8% in the 3rd quarter. Ibex Wealth Advisors now owns 293,321 shares of the company’s stock valued at $14,666,000 after purchasing an additional 33,306 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in shares of US Treasury 3 Month Bill ETF in the 2nd quarter valued at about $346,000.

US Treasury 3 Month Bill ETF Stock Performance

TBIL stock opened at $49.85 on Friday. The firm has a 50 day simple moving average of $49.94 and a 200 day simple moving average of $49.94. US Treasury 3 Month Bill ETF has a 52 week low of $49.81 and a 52 week high of $50.02.

US Treasury 3 Month Bill ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were paid a dividend of $0.1501 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

US Treasury 3 Month Bill ETF 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. TBIL was launched on Aug 9, 2022 and is managed by F/m Investments.