PVG Asset Management Corp Makes New Investment in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL)

PVG Asset Management Corp purchased a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,258 shares of the company’s stock, valued at approximately $3,236,000. SPDR Bloomberg Barclays 1-3 Month T-Bill ETF accounts for about 12.8% of PVG Asset Management Corp’s holdings, making the stock its biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Captrust Financial Advisors grew its position in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 6.6% during the first quarter. Captrust Financial Advisors now owns 6,902,393 shares of the company’s stock valued at $633,640,000 after buying an additional 429,329 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 10.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 1,174,480 shares of the company’s stock valued at $107,794,000 after acquiring an additional 112,657 shares during the period. Polen Capital Management LLC purchased a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the 4th quarter worth $55,436,000. One Capital Management LLC raised its holdings in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 16.4% in the 2nd quarter. One Capital Management LLC now owns 595,463 shares of the company’s stock worth $54,652,000 after purchasing an additional 83,729 shares during the period. Finally, 49 Wealth Management LLC lifted its position in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 382.6% during the first quarter. 49 Wealth Management LLC now owns 449,310 shares of the company’s stock valued at $41,076,000 after purchasing an additional 356,202 shares in the last quarter.

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

NYSEARCA:BIL opened at $91.81 on Tuesday. The stock has a 50-day simple moving average of $91.65 and a two-hundred day simple moving average of $91.63. SPDR Bloomberg Barclays 1-3 Month T-Bill ETF has a 52-week low of $91.21 and a 52-week high of $91.85.

About SPDR Bloomberg Barclays 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.