US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Trading Down 0.1% – Time to Sell?

US Treasury 12 Month Bill ETF (NASDAQ:OBIL) shares were down 0.1% during trading on Thursday . The company traded as low as $50.11 and last traded at $50.13. Approximately 48,682 shares traded hands during mid-day trading, a decline of 0% from the average daily volume of 48,819 shares. The stock had previously closed at $50.17.

US Treasury 12 Month Bill ETF Stock Performance

The stock has a 50-day moving average price of $50.21 and a two-hundred day moving average price of $50.22.

US Treasury 12 Month Bill ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were issued a $0.145 dividend. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 3.5%.

Institutional Investors Weigh In On US Treasury 12 Month Bill ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Crews Bank & Trust lifted its position in shares of US Treasury 12 Month Bill ETF by 11.5% in the third quarter. Crews Bank & Trust now owns 5,800 shares of the company’s stock valued at $292,000 after acquiring an additional 600 shares in the last quarter. NewEdge Advisors LLC raised its stake in US Treasury 12 Month Bill ETF by 6,810.5% during the 4th quarter. NewEdge Advisors LLC now owns 13,821 shares of the company’s stock valued at $694,000 after purchasing an additional 13,621 shares during the period. Marshall & Sterling Wealth Advisors Inc. raised its stake in US Treasury 12 Month Bill ETF by 8.8% during the 3rd quarter. Marshall & Sterling Wealth Advisors Inc. now owns 15,508 shares of the company’s stock valued at $780,000 after purchasing an additional 1,250 shares during the period. Alpine Bank Wealth Management lifted its holdings in US Treasury 12 Month Bill ETF by 43.6% in the 3rd quarter. Alpine Bank Wealth Management now owns 69,540 shares of the company’s stock worth $3,498,000 after purchasing an additional 21,124 shares in the last quarter. Finally, Flow Traders U.S. LLC lifted its holdings in US Treasury 12 Month Bill ETF by 2,385.1% in the 2nd 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 in the last quarter.

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.