USA Financial Formulas Invests $23.24 Million in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

USA Financial Formulas purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 253,563 shares of the company’s stock, valued at approximately $23,237,000. SPDR Bloomberg 1-3 Month T-Bill ETF comprises 4.3% of USA Financial Formulas’ portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 290.8% in the first quarter. Assetmark Inc. now owns 5,707,321 shares of the company’s stock worth $523,019,000 after purchasing an additional 4,246,874 shares during the period. Corient Private Wealth LLC grew its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 2,258.6% in the 4th quarter. Corient Private Wealth LLC now owns 4,261,682 shares of the company’s stock valued at $389,433,000 after buying an additional 4,080,998 shares during the period. Captrust Financial Advisors increased its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 75.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,777,775 shares of the company’s stock valued at $529,995,000 after buying an additional 2,487,366 shares in the last quarter. Bank of America Corp DE increased its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 14.8% in the 1st quarter. Bank of America Corp DE now owns 18,872,546 shares of the company’s stock valued at $1,729,480,000 after buying an additional 2,438,044 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 103.5% during the 3rd quarter. AQR Capital Management LLC now owns 4,497,115 shares of the company’s stock worth $412,610,000 after buying an additional 2,287,314 shares during the period.

SPDR Bloomberg 1-3 Month T-Bill ETF Trading Up 0.0%

BIL stock opened at $91.53 on Friday. The business’s 50-day moving average price is $91.53 and its two-hundred day moving average price is $91.52. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1-year low of $91.26 and a 1-year 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.