Eldridge Investment Advisors Inc. Invests $652,000 in US Treasury 6 Month Bill ETF (NASDAQ:XBIL)

Eldridge Investment Advisors Inc. acquired a new position in US Treasury 6 Month Bill ETF (NASDAQ:XBIL) in the fourth quarter, Holdings Channel.com reports. The firm acquired 13,057 shares of the company’s stock, valued at approximately $652,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. F M Investments LLC boosted its holdings in shares of US Treasury 6 Month Bill ETF by 240.1% in the 3rd quarter. F M Investments LLC now owns 41,747 shares of the company’s stock worth $2,094,000 after purchasing an additional 29,471 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of US Treasury 6 Month Bill ETF in the 3rd quarter valued at about $455,000. Finally, Private Trust Co. NA lifted its stake in shares of US Treasury 6 Month Bill ETF by 200.0% in the 4th quarter. Private Trust Co. NA now owns 900 shares of the company’s stock valued at $45,000 after acquiring an additional 600 shares during the last quarter.

US Treasury 6 Month Bill ETF Price Performance

Shares of NASDAQ XBIL traded up $0.02 during midday trading on Thursday, hitting $49.91. 79,479 shares of the stock traded hands, compared to its average volume of 127,643. The firm has a 50-day moving average of $50.02 and a two-hundred day moving average of $50.04. US Treasury 6 Month Bill ETF has a one year low of $49.83 and a one year high of $50.30.

US Treasury 6 Month Bill ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Thursday, May 2nd will be paid a dividend of $0.216 per share. The ex-dividend date of this dividend is Wednesday, May 1st. This represents a $2.59 dividend on an annualized basis and a dividend yield of 5.19%.

About US Treasury 6 Month Bill ETF

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.