Acorn Financial Advisory Services Inc. ADV Lowers Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Acorn Financial Advisory Services Inc. ADV lessened its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 66.0% in the first quarter, HoldingsChannel.com reports. The fund owned 99,874 shares of the company’s stock after selling 193,565 shares during the period. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for about 1.3% of Acorn Financial Advisory Services Inc. ADV’s investment portfolio, making the stock its 22nd largest holding. Acorn Financial Advisory Services Inc. ADV’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $9,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Key Financial Inc lifted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 1,794.1% during the first quarter. Key Financial Inc now owns 644 shares of the company’s stock valued at $59,000 after purchasing an additional 610 shares during the last quarter. Columbia Advisory Partners LLC grew its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 36.5% in the first quarter. Columbia Advisory Partners LLC now owns 6,740 shares of the company’s stock worth $618,000 after acquiring an additional 1,802 shares in the last quarter. Wheelhouse Advisory Group LLC increased its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 5.1% in the first quarter. Wheelhouse Advisory Group LLC now owns 70,452 shares of the company’s stock valued at $6,456,000 after acquiring an additional 3,420 shares during the last quarter. SMART Wealth LLC bought a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the first quarter valued at $1,319,000. Finally, OakTrust Wealth Advisors LLC raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 2.5% during the first quarter. OakTrust Wealth Advisors LLC now owns 39,992 shares of the company’s stock valued at $3,665,000 after purchasing an additional 974 shares in the last quarter.

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

Shares of BIL stock opened at $91.64 on Wednesday. The business has a 50-day moving average price of $91.54 and a two-hundred day moving average price of $91.51. 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 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.