US Treasury 6 Month Bill ETF (NASDAQ:XBIL) Hits New 52-Week Low – Here’s What Happened

US Treasury 6 Month Bill ETF (NASDAQ:XBIL – Get Free Report)’s share price reached a new 52-week low during trading on Friday. The stock traded as low as $49.90 and last traded at $50.0040, with a volume of 1,890 shares. The stock had previously closed at $49.99.

US Treasury 6 Month Bill ETF Price Performance

The business’s 50-day moving average price is $50.06 and its 200-day moving average price is $50.08.

Hedge Funds Weigh In On US Treasury 6 Month Bill ETF

A number of institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management increased its holdings in US Treasury 6 Month Bill ETF by 10.6% in the 3rd quarter. Alpine Bank Wealth Management now owns 163,512 shares of the company’s stock worth $8,172,000 after acquiring an additional 15,642 shares in the last quarter. Ibex Wealth Advisors acquired a new stake in US Treasury 6 Month Bill ETF during the first quarter worth $504,000. Marshall & Sterling Wealth Advisors Inc. lifted its position in US Treasury 6 Month Bill ETF by 52.5% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 21,181 shares of the company’s stock valued at $1,060,000 after buying an additional 7,295 shares during the last quarter. Harbor Investment Advisory LLC lifted its holdings in shares of US Treasury 6 Month Bill ETF by 17.5% in the 2nd quarter. Harbor Investment Advisory LLC now owns 35,305 shares of the company’s stock worth $1,765,000 after acquiring an additional 5,248 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of US Treasury 6 Month Bill ETF by 1,522.9% during the first quarter. NewEdge Advisors LLC now owns 5,388 shares of the company’s stock worth $270,000 after buying an additional 5,056 shares during the period.

US Treasury 6 Month Bill ETF Company Profile

(Get Free Report)

The US Treasury 6 Month Bill ETF (XBIL) is an exchange-traded fund that is based on the ICE BofA US 6-Month Treasury Bill index. The fund is a passively managed, single-bond fund that invests in the most recently issued, on-the-run, 6-month US Treasury Bill. The fund is designed for those specifically required to track the 6-month tenor on the yield curve. XBIL was launched on Mar 7, 2023 and is managed by F/m Investments.

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