McGowan Group Asset Management Inc. Takes Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

McGowan Group Asset Management Inc. purchased a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 13,095 shares of the company’s stock, valued at approximately $1,201,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BIL. Ashton Thomas Securities LLC acquired a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the 3rd quarter valued at about $25,000. Atlantic Union Bankshares Corp lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 77.8% in the third quarter. Atlantic Union Bankshares Corp now owns 272 shares of the company’s stock valued at $25,000 after buying an additional 119 shares during the last quarter. City Holding Co. boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 675.0% in the third quarter. City Holding Co. now owns 310 shares of the company’s stock valued at $28,000 after acquiring an additional 270 shares during the period. GPS Wealth Strategies Group LLC grew its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 46.7% during the third quarter. GPS Wealth Strategies Group LLC now owns 396 shares of the company’s stock worth $36,000 after acquiring an additional 126 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 2,239.1% in the 3rd quarter. Fifth Third Bancorp now owns 538 shares of the company’s stock valued at $49,000 after acquiring an additional 515 shares during the period.

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

BIL stock opened at $91.46 on Thursday. The company has a fifty day moving average price of $91.50 and a 200 day moving average price of $91.55. 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 Company 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.