McGowan Group Asset Management Inc. Makes New Investment in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

McGowan Group Asset Management Inc. acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 13,095 shares of the company’s stock, valued at approximately $1,201,000.

Several other hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter valued at $25,000. Atlantic Union Bankshares Corp raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 77.8% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 272 shares of the company’s stock valued at $25,000 after purchasing an additional 119 shares in the last quarter. City Holding Co. boosted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 675.0% in the 3rd quarter. City Holding Co. now owns 310 shares of the company’s stock valued at $28,000 after buying an additional 270 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 46.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 396 shares of the company’s stock worth $36,000 after buying an additional 126 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 2,239.1% during the third quarter. Fifth Third Bancorp now owns 538 shares of the company’s stock worth $49,000 after buying an additional 515 shares during the period.

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

Shares of NYSEARCA:BIL opened at $91.46 on Thursday. SPDR Bloomberg 1-3 Month T-Bill ETF has a fifty-two week low of $91.26 and a fifty-two week high of $91.78. The firm’s 50 day moving average price is $91.50 and its 200 day moving average price is $91.55.

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.