Focused Alpha LLC Makes New Investment in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Focused Alpha LLC purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,868 shares of the company’s stock, valued at approximately $721,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BIL. Assetmark Inc. raised its stake 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 valued at $523,019,000 after buying an additional 4,246,874 shares in the last quarter. USA Financial Formulas acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the 3rd quarter worth about $300,320,000. Counterpoint Mutual Funds LLC acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the 3rd quarter worth about $294,583,000. Bank of America Corp DE increased its holdings 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 acquiring an additional 2,438,044 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 52.0% in the 1st quarter. Cetera Investment Advisers now owns 4,348,951 shares of the company’s stock valued at $398,538,000 after acquiring an additional 1,487,570 shares during the last quarter.

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

Shares of BIL opened at $91.57 on Tuesday. The stock has a 50 day moving average price of $91.53 and a 200 day moving average price of $91.53. SPDR Bloomberg 1-3 Month T-Bill ETF has a 52-week low of $91.26 and a 52-week high of $91.77.

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.