Sovran Advisors LLC Trims Stock Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Sovran Advisors LLC decreased its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 12.6% during the fourth quarter, HoldingsChannel reports. The fund owned 58,754 shares of the company’s stock after selling 8,439 shares during the quarter. Sovran Advisors LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $5,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Royal Fund Management LLC boosted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 20.0% in the second quarter. Royal Fund Management LLC now owns 7,792 shares of the company’s stock worth $715,000 after acquiring an additional 1,301 shares during the period. Epoch Investment Partners Inc. raised its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 18.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 110,214 shares of the company’s stock valued at $10,110,000 after purchasing an additional 16,983 shares during the period. Brown Advisory Inc. lifted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 10.8% during the 2nd quarter. Brown Advisory Inc. now owns 69,972 shares of the company’s stock worth $6,419,000 after purchasing an additional 6,818 shares in the last quarter. Flow Traders U.S. LLC lifted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 25.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 252,226 shares of the company’s stock worth $23,137,000 after purchasing an additional 50,483 shares in the last quarter. Finally, SageView Advisory Group LLC bought a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter worth about $226,000.

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

BIL stock opened at $91.42 on Friday. SPDR Bloomberg 1-3 Month T-Bill ETF has a twelve month low of $91.26 and a twelve month high of $91.78. The stock has a 50-day simple moving average of $91.51 and a two-hundred day simple moving average of $91.54.

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.