Argus Investors Counsel Inc. Makes New Investment in US Treasury 3 Month Bill ETF (NASDAQ:TBIL)

Argus Investors Counsel Inc. acquired a new position in US Treasury 3 Month Bill ETF (NASDAQ:TBIL) in the 3rd quarter, Holdings Channel reports. The firm acquired 6,059 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in shares of US Treasury 3 Month Bill ETF in the 1st quarter worth about $53,000. Valeo Financial Advisors LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF during the 2nd quarter valued at about $230,000. Strategic Blueprint LLC purchased a new stake in shares of US Treasury 3 Month Bill ETF during the 2nd quarter valued at about $254,000. Kingswood Wealth Advisors LLC boosted its holdings in shares of US Treasury 3 Month Bill ETF by 13.5% in the second quarter. Kingswood Wealth Advisors LLC now owns 10,810 shares of the company’s stock worth $541,000 after buying an additional 1,285 shares during the last quarter. Finally, Verity Asset Management Inc. purchased a new position in shares of US Treasury 3 Month Bill ETF in the first quarter worth approximately $248,000.

US Treasury 3 Month Bill ETF Stock Performance

Shares of TBIL traded up $0.01 on Tuesday, reaching $49.97. The company’s stock had a trading volume of 377,274 shares, compared to its average volume of 1,073,041. The stock’s 50 day simple moving average is $49.94 and its two-hundred day simple moving average is $49.93. US Treasury 3 Month Bill ETF has a 12-month low of $49.81 and a 12-month high of $50.08.

US Treasury 3 Month Bill ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, October 1st were issued a $0.206 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date of this dividend was Tuesday, October 1st.

US Treasury 3 Month Bill ETF Profile

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.