USA Financial Formulas Makes New Investment 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 third quarter, HoldingsChannel reports. The institutional investor purchased 3,277,174 shares of the company’s stock, valued at approximately $300,320,000. SPDR Bloomberg 1-3 Month T-Bill ETF comprises about 58.2% of USA Financial Formulas’ investment portfolio, making the stock its biggest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. St. Louis Financial Planners Asset Management LLC increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 180.7% during the 3rd quarter. St. Louis Financial Planners Asset Management LLC now owns 504,299 shares of the company’s stock worth $46,148,000 after purchasing an additional 324,619 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 1.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 80,432 shares of the company’s stock valued at $7,352,000 after purchasing an additional 1,525 shares during the last quarter. ARS Wealth Advisors Group LLC lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 11.3% in the 3rd quarter. ARS Wealth Advisors Group LLC now owns 2,919 shares of the company’s stock valued at $267,000 after purchasing an additional 296 shares during the last quarter. Aspiriant LLC acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 3rd quarter valued at about $1,008,000. Finally, Sherman Wealth Management LLC lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 46.0% in the 3rd quarter. Sherman Wealth Management LLC now owns 47,028 shares of the company’s stock valued at $4,310,000 after purchasing an additional 14,809 shares during the last quarter.

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

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

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.