SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Hits New 1-Year Low – Here’s Why

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL)’s share price reached a new 52-week low on Thursday . The stock traded as low as $91.27 and last traded at $91.27, with a volume of 314045 shares traded. The stock had previously closed at $91.62.

SPDR Bloomberg 1-3 Month T-Bill ETF Stock Performance

The firm’s 50-day simple moving average is $91.60 and its 200-day simple moving average is $91.60.

Hedge Funds Weigh In On SPDR Bloomberg 1-3 Month T-Bill ETF

Several institutional investors and hedge funds have recently bought and sold shares of BIL. Allworth Financial LP lifted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 3.7% in the third quarter. Allworth Financial LP now owns 362,471 shares of the company’s stock valued at $33,257,000 after purchasing an additional 13,069 shares during the last quarter. CMC Financial Group increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 23.7% in the third quarter. CMC Financial Group now owns 12,179 shares of the company’s stock worth $1,117,000 after buying an additional 2,331 shares during the period. RIA Advisory Group LLC increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 53.5% in the third quarter. RIA Advisory Group LLC now owns 163,396 shares of the company’s stock worth $14,992,000 after buying an additional 56,936 shares during the period. Briaud Financial Planning Inc raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 30.3% during the 3rd quarter. Briaud Financial Planning Inc now owns 6,734 shares of the company’s stock valued at $618,000 after buying an additional 1,564 shares during the last quarter. Finally, Pointe Capital Management LLC boosted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 5.0% during the 3rd quarter. Pointe Capital Management LLC now owns 8,807 shares of the company’s stock valued at $808,000 after buying an additional 416 shares during the period.

About SPDR Bloomberg 1-3 Month T-Bill ETF

The SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills with a maturity of at least 1 month, but less than 3 months. BIL was launched on May 25, 2007 and is managed by State Street.