Paragon Capital Management Inc. Grows Stake in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Paragon Capital Management Inc. raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 7.8% in the third quarter, Holdings Channel reports. The firm owned 84,133 shares of the company’s stock after acquiring an additional 6,113 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF comprises approximately 5.8% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Paragon Capital Management Inc.’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $7,719,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BIL. Iams Wealth Management LLC raised its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 17.8% during the 3rd quarter. Iams Wealth Management LLC now owns 89,293 shares of the company’s stock worth $8,193,000 after purchasing an additional 13,524 shares in the last quarter. JGP Wealth Management LLC acquired a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the third quarter worth $6,585,000. Alhambra Investment Management LLC increased its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 2.0% during the third quarter. Alhambra Investment Management LLC now owns 9,086 shares of the company’s stock worth $834,000 after buying an additional 175 shares during the last quarter. Norden Group LLC raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 11.6% during the third quarter. Norden Group LLC now owns 219,502 shares of the company’s stock worth $20,139,000 after acquiring an additional 22,829 shares in the last quarter. Finally, World Investment Advisors lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 2.5% in the third quarter. World Investment Advisors now owns 15,265 shares of the company’s stock valued at $1,401,000 after acquiring an additional 370 shares during the last quarter.

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

Shares of BIL opened at $91.33 on Thursday. The firm has a 50-day moving average of $91.57 and a 200-day moving average of $91.59. SPDR Bloomberg 1-3 Month T-Bill ETF has a one year low of $91.26 and a one year high of $91.78.

SPDR Bloomberg 1-3 Month T-Bill ETF Profile

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.