Truist Financial Corp Makes a Big Move in Treasury ETF

Truist Financial Corp recently made a notable investment in the Vanguard 0-3 Month Treasury Bill ETF (VBIL). They bought 108, 893 shares, worth about $8. 2 million, during the second quarter. This purchase makes them a small but significant stakeholder, owning around 0. 44% of the ETF. This isn't the only big investment in VBIL. Other major players have also been active. Armstrong Advisory Group Inc. spent about $95. 2 million on a new position. Evanson Asset Management LLC invested around $79. 4 million. Garde Capital Inc. increased its stake by a whopping 302. 4%, now holding shares worth $22. 7 million. Apella Capital LLC and Ceera Investments LLC also made significant investments, worth $10. 9 million and $8. 4 million respectively. VBIL's stock opened at $75. 42 recently. Over the past year, it has ranged from $75. 01 to $75. 64. The 50-day moving average is $75. 50, while the 200-day average is $75. 43. This shows that the stock has been quite stable. VBIL recently paid a dividend of $0. 2438 per share. Shareholders who owned the stock on October 1st received this payment on October 3rd. VBIL is an exchange-traded fund that tracks the Bloomberg 0-3M Treasury Bill index. It invests in short-term US Treasury bills, with maturities of one to three months. VBIL was launched in February 2025 and is managed by Vanguard.