Convergence Financial LLC Purchases 18,545 Shares of Global X 1-3 Month T-Bill ETF $CLIP

Convergence Financial LLC raised its position in Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) by 36.7% during the third quarter, HoldingsChannel.com reports. The firm owned 69,109 shares of the company’s stock after purchasing an additional 18,545 shares during the period. Global X 1-3 Month T-Bill ETF makes up 1.0% of Convergence Financial LLC’s portfolio, making the stock its 28th biggest position. Convergence Financial LLC’s holdings in Global X 1-3 Month T-Bill ETF were worth $6,940,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CLIP. Belpointe Asset Management LLC grew its holdings in shares of Global X 1-3 Month T-Bill ETF by 17.1% in the third quarter. Belpointe Asset Management LLC now owns 120,362 shares of the company’s stock worth $12,087,000 after purchasing an additional 17,582 shares during the last quarter. APS Management Group Inc. purchased a new stake in Global X 1-3 Month T-Bill ETF in the 3rd quarter valued at about $12,411,000. United Advisor Group LLC purchased a new stake in Global X 1-3 Month T-Bill ETF in the 2nd quarter valued at about $741,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Global X 1-3 Month T-Bill ETF by 18.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 106,459 shares of the company’s stock worth $10,664,000 after acquiring an additional 16,413 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Global X 1-3 Month T-Bill ETF by 5.4% during the second quarter. Cetera Investment Advisers now owns 70,339 shares of the company’s stock valued at $7,063,000 after acquiring an additional 3,615 shares in the last quarter.

Global X 1-3 Month T-Bill ETF Trading Up 0.0%

Shares of NYSEARCA CLIP opened at $100.30 on Friday. Global X 1-3 Month T-Bill ETF has a 52-week low of $100.02 and a 52-week high of $100.47. The stock has a 50 day moving average price of $100.24 and a 200 day moving average price of $100.25.

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

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

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.