Orion Porfolio Solutions LLC Decreases Stake in Global X 1-3 Month T-Bill ETF $CLIP

Orion Porfolio Solutions LLC lessened its position in shares of Global X 1-3 Month T-Bill ETF (NYSEARCA:CLIP) by 28.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,491 shares of the company’s stock after selling 25,372 shares during the period. Orion Porfolio Solutions LLC’s holdings in Global X 1-3 Month T-Bill ETF were worth $6,376,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Global X 1-3 Month T-Bill ETF during the first quarter worth $440,000. Envestnet Asset Management Inc. raised its stake in Global X 1-3 Month T-Bill ETF by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 55,316 shares of the company’s stock valued at $5,555,000 after buying an additional 2,961 shares in the last quarter. PFG Advisors lifted its holdings in Global X 1-3 Month T-Bill ETF by 50.1% during the 2nd quarter. PFG Advisors now owns 7,529 shares of the company’s stock worth $756,000 after buying an additional 2,514 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in Global X 1-3 Month T-Bill ETF by 57.9% during the 2nd quarter. 49 Wealth Management LLC now owns 634,034 shares of the company’s stock worth $63,670,000 after buying an additional 232,538 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of Global X 1-3 Month T-Bill ETF by 238.5% during the 2nd quarter. SBI Securities Co. Ltd. now owns 8,458 shares of the company’s stock worth $849,000 after acquiring an additional 5,959 shares in the last quarter.

Global X 1-3 Month T-Bill ETF Stock Performance

CLIP stock opened at $100.13 on Friday. The business has a 50 day moving average price of $100.23 and a 200 day moving average price of $100.25. Global X 1-3 Month T-Bill ETF has a fifty-two week low of $100.02 and a fifty-two week high of $100.47.

Global X 1-3 Month T-Bill ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.303 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 3.6%.

Global X 1-3 Month T-Bill ETF Profile

The Global X 1-3 Month T-Bill ETF (CLIP) is an exchange-traded fund that is based on the Solactive 1-3 month US T-Bill – USD index. The fund tracks a market value-weighted index of USD-denominated, zero-coupon US Treasury bills with a time to maturity of one to three months. CLIP was launched on Jun 20, 2023 and is managed by Global X.