US Treasury 12 Month Bill ETF (NASDAQ:OBIL) Trading Up 0.1% – Still a Buy?

US Treasury 12 Month Bill ETF (NASDAQ:OBIL)’s share price traded up 0.1% during trading on Thursday . The stock traded as high as $50.09 and last traded at $50.08. Approximately 118,968 shares were traded during mid-day trading, an increase of 169% from the average session volume of 44,266 shares. The stock had previously closed at $50.05.

US Treasury 12 Month Bill ETF Trading Up 0.1%

The stock’s 50-day moving average is $50.11 and its two-hundred day moving average is $50.17.

US Treasury 12 Month Bill ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 28th were issued a dividend of $0.1487 per share. This is a positive change from US Treasury 12 Month Bill ETF’s previous dividend of $0.15. The ex-dividend date was Thursday, May 28th.

Hedge Funds Weigh In On US Treasury 12 Month Bill ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OBIL. NewEdge Advisors LLC boosted its holdings in US Treasury 12 Month Bill ETF by 6,810.5% in the fourth 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. boosted its holdings in shares of US Treasury 12 Month Bill ETF by 76.6% in the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 27,011 shares of the company’s stock valued at $1,353,000 after buying an additional 11,716 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its holdings in shares of US Treasury 12 Month Bill ETF by 8.3% during the first quarter. Nations Financial Group Inc. IA ADV now owns 149,397 shares of the company’s stock worth $7,481,000 after purchasing an additional 11,509 shares during the last quarter.

About US Treasury 12 Month Bill ETF

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.