Turim 21 Investimentos Ltda. Reduces Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Turim 21 Investimentos Ltda. decreased its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 93.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,066 shares of the company’s stock after selling 346,257 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for 1.0% of Turim 21 Investimentos Ltda.’s portfolio, making the stock its 13th largest position. Turim 21 Investimentos Ltda.’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $2,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BIL. The Manufacturers Life Insurance Company purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter worth approximately $2,407,000. Main Street Financial Solutions LLC boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 67.9% in the second quarter. Main Street Financial Solutions LLC now owns 10,333 shares of the company’s stock worth $948,000 after buying an additional 4,179 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 816.1% in the second quarter. Quantinno Capital Management LP now owns 135,311 shares of the company’s stock worth $12,412,000 after buying an additional 120,540 shares during the last quarter. Karpus Management Inc. boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 11.7% in the second quarter. Karpus Management Inc. now owns 7,290 shares of the company’s stock worth $669,000 after buying an additional 765 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter worth approximately $123,000.

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

BIL opened at $91.52 on Wednesday. The company’s 50 day moving average is $91.52 and its 200 day moving average is $91.50. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78.

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.