US Treasury 3 Month Bill ETF (NASDAQ:TBIL) Stock Crosses Below 200-Day Moving Average – Here’s Why

US Treasury 3 Month Bill ETF (NASDAQ:TBIL)’s stock price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $49.92 and traded as low as $49.82. US Treasury 3 Month Bill ETF shares last traded at $49.82, with a volume of 2,131,542 shares changing hands.

US Treasury 3 Month Bill ETF Price Performance

The company’s fifty day simple moving average is $49.92 and its 200 day simple moving average is $49.92.

Institutional Trading of US Treasury 3 Month Bill ETF

Hedge funds have recently modified their holdings of the business. Fifth Third Securities Inc. purchased a new stake in US Treasury 3 Month Bill ETF in the third quarter worth about $1,888,000. Capital Square LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF during the second quarter valued at $643,000. Alpine Bank Wealth Management boosted its holdings in shares of US Treasury 3 Month Bill ETF by 198.2% during the 3rd quarter. Alpine Bank Wealth Management now owns 872,100 shares of the company’s stock valued at $43,474,000 after acquiring an additional 579,652 shares during the last quarter. Kingswood Wealth Advisors LLC grew its position in US Treasury 3 Month Bill ETF by 53.5% in the 3rd quarter. Kingswood Wealth Advisors LLC now owns 162,284 shares of the company’s stock worth $8,090,000 after purchasing an additional 56,548 shares during the period. Finally, Roxbury Financial LLC lifted its stake in shares of US Treasury 3 Month Bill ETF by 6.4% in the 3rd quarter. Roxbury Financial LLC now owns 7,482 shares of the company’s stock worth $373,000 after purchasing an additional 452 shares during the period.

About US Treasury 3 Month Bill ETF

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.