SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) saw unusually-strong trading volume on Tuesday . Approximately 7,508,259 shares changed hands during mid-day trading, a decline of 15% from the previous session’s volume of 8,885,009 shares.The stock last traded at $91.53 and had previously closed at $91.52.

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

The business has a 50 day moving average of $91.57 and a 200-day moving average of $91.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BIL. Copia Wealth Management bought a new stake in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the 4th quarter valued at about $93,000. Virtue Capital Management LLC grew its stake in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 86.2% in the fourth quarter. Virtue Capital Management LLC now owns 209,060 shares of the company’s stock valued at $19,114,000 after acquiring an additional 96,761 shares during the period. Three Cord True Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF during the fourth quarter valued at approximately $1,500,000. Fourth Dimension Wealth LLC acquired a new position in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF during the fourth quarter worth approximately $475,000. Finally, 49 Wealth Management LLC lifted its holdings in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 24.4% in the 4th quarter. 49 Wealth Management LLC now owns 463,294 shares of the company’s stock worth $42,359,000 after purchasing an additional 90,740 shares in the last quarter.

About SPDR Bloomberg Barclays 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.