Abich Financial Wealth Management LLC Makes New Investment in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Abich Financial Wealth Management LLC purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 523,865 shares of the company’s stock, valued at approximately $48,065,000. SPDR Bloomberg 1-3 Month T-Bill ETF makes up about 17.1% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in BIL. Moment Partners LLC lifted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 0.6% during the 3rd quarter. Moment Partners LLC now owns 40,847 shares of the company’s stock valued at $3,748,000 after acquiring an additional 249 shares during the period. Wedbush Securities Inc. raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 4.7% during the third quarter. Wedbush Securities Inc. now owns 39,327 shares of the company’s stock worth $3,608,000 after purchasing an additional 1,763 shares during the last quarter. Cornerstone Investment Partners LLC boosted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 0.3% during the third quarter. Cornerstone Investment Partners LLC now owns 36,329 shares of the company’s stock worth $3,333,000 after purchasing an additional 115 shares in the last quarter. Savvy Advisors Inc. grew its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 394.3% in the third quarter. Savvy Advisors Inc. now owns 60,517 shares of the company’s stock valued at $5,552,000 after purchasing an additional 48,275 shares during the last quarter. Finally, GK Wealth Management LLC raised its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 17.3% during the 3rd quarter. GK Wealth Management LLC now owns 59,694 shares of the company’s stock worth $5,477,000 after buying an additional 8,801 shares during the last quarter.

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

SPDR Bloomberg 1-3 Month T-Bill ETF stock opened at $91.47 on Friday. SPDR Bloomberg 1-3 Month T-Bill ETF has a 52 week low of $91.26 and a 52 week high of $91.78. The firm’s 50-day simple moving average is $91.47 and its 200 day simple moving average is $91.56.

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.