SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $91.53 and traded as low as $91.40. SPDR Bloomberg 1-3 Month T-Bill ETF shares last traded at $91.41, with a volume of 17,351,103 shares.

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

The firm’s fifty day simple moving average is $91.54 and its 200 day simple moving average is $91.53.

Institutional Investors Weigh In On SPDR Bloomberg 1-3 Month T-Bill ETF

Several institutional investors have recently modified their holdings of BIL. Creekside Partners lifted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 27.4% in the third quarter. Creekside Partners now owns 10,594 shares of the company’s stock valued at $971,000 after purchasing an additional 2,280 shares during the period. Soundwatch Capital LLC raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 26.2% in the third quarter. Soundwatch Capital LLC now owns 3,093 shares of the company’s stock worth $283,000 after acquiring an additional 643 shares during the last quarter. Kestra Investment Management LLC boosted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 56.1% during the third quarter. Kestra Investment Management LLC now owns 8,450 shares of the company’s stock valued at $774,000 after acquiring an additional 3,038 shares during the last quarter. AlphaCore Capital LLC boosted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 50.1% during the third quarter. AlphaCore Capital LLC now owns 91,904 shares of the company’s stock valued at $8,422,000 after acquiring an additional 30,691 shares during the last quarter. Finally, Griffith & Werner Inc. purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the 3rd quarter worth about $1,335,000.

About SPDR Bloomberg 1-3 Month T-Bill ETF

(Get Free Report)

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.

Further Reading

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