Northwestern Mutual Wealth Management Co. Decreases Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Northwestern Mutual Wealth Management Co. cut its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 98.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,561 shares of the company’s stock after selling 1,011,659 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $1,513,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in BIL. The Manufacturers Life Insurance Company purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter valued at $2,407,000. Main Street Financial Solutions LLC raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 67.9% during the 2nd quarter. Main Street Financial Solutions LLC now owns 10,333 shares of the company’s stock valued at $948,000 after buying an additional 4,179 shares during the last quarter. Quantinno Capital Management LP raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 816.1% during the 2nd quarter. Quantinno Capital Management LP now owns 135,311 shares of the company’s stock valued at $12,412,000 after buying an additional 120,540 shares during the last quarter. Karpus Management Inc. raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 11.7% during the 2nd quarter. Karpus Management Inc. now owns 7,290 shares of the company’s stock valued at $669,000 after buying an additional 765 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter valued at $123,000.

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

Shares of BIL opened at $91.62 on Thursday. The firm has a fifty day simple moving average of $91.54 and a two-hundred day simple moving average of $91.52. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1-year low of $91.26 and a 1-year high of $91.78.

About SPDR Bloomberg 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.