Arax Advisory Partners Takes Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Arax Advisory Partners acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,957 shares of the company’s stock, valued at approximately $5,844,000.

A number of other large investors also recently modified their holdings of BIL. The Manufacturers Life Insurance Company bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at approximately $2,407,000. Main Street Financial Solutions LLC boosted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 67.9% in the second quarter. Main Street Financial Solutions LLC now owns 10,333 shares of the company’s stock valued at $948,000 after acquiring an additional 4,179 shares during the period. Quantinno Capital Management LP boosted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 816.1% in the second quarter. Quantinno Capital Management LP now owns 135,311 shares of the company’s stock valued at $12,412,000 after acquiring an additional 120,540 shares during the period. Karpus Management Inc. boosted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 11.7% in the second quarter. Karpus Management Inc. now owns 7,290 shares of the company’s stock valued at $669,000 after acquiring an additional 765 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at approximately $123,000.

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

BIL stock opened at $91.51 on Friday. The firm has a 50 day moving average of $91.51 and a 200-day moving average 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 Company 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.