Sovereign Investment Advisors LLC Raises Stock Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Sovereign Investment Advisors LLC raised its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 30.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,447 shares of the company’s stock after purchasing an additional 15,212 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF makes up about 1.5% of Sovereign Investment Advisors LLC’s holdings, making the stock its 22nd biggest holding. Sovereign Investment Advisors LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $5,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in BIL. Westwind Capital purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 4th quarter valued at $28,000. Quarry LP purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 4th quarter valued at $36,000. Imprint Wealth LLC purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 3rd quarter valued at $44,000. Fifth Third Bancorp increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 2,239.1% during the 3rd quarter. Fifth Third Bancorp now owns 538 shares of the company’s stock valued at $49,000 after purchasing an additional 515 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 26.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 551 shares of the company’s stock valued at $50,000 after purchasing an additional 116 shares during the period.

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

Shares of SPDR Bloomberg 1-3 Month T-Bill ETF stock opened at $91.51 on Tuesday. The company’s fifty day simple moving average is $91.52 and its two-hundred day simple moving average is $91.51. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78.

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.