SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Large Volume Increase – Still a Buy?

Shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw unusually-high trading volume on Friday . Approximately 269,859 shares changed hands during trading, a decline of 23% from the previous session’s volume of 349,513 shares.The stock last traded at $99.33 and had previously closed at $99.30.

SPDR Bloomberg 3-12 Month T-Bill ETF Trading Up 0.0 %

The business’s 50-day moving average price is $99.31 and its two-hundred day moving average price is $99.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BILS. Lynx Investment Advisory lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.2% during the third quarter. Lynx Investment Advisory now owns 9,735 shares of the company’s stock worth $969,000 after purchasing an additional 119 shares during the period. Donor Advised Charitable Giving Inc. raised its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 0.9% in the 3rd quarter. Donor Advised Charitable Giving Inc. now owns 25,393 shares of the company’s stock valued at $2,529,000 after buying an additional 223 shares in the last quarter. Values First Advisors Inc. lifted its holdings in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 3.1% during the 3rd quarter. Values First Advisors Inc. now owns 9,632 shares of the company’s stock worth $959,000 after acquiring an additional 291 shares during the period. Dynamic Advisor Solutions LLC boosted its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 8.8% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,023 shares of the company’s stock worth $401,000 after acquiring an additional 327 shares in the last quarter. Finally, Opal Wealth Advisors LLC increased its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 12.6% in the third quarter. Opal Wealth Advisors LLC now owns 3,043 shares of the company’s stock valued at $303,000 after acquiring an additional 341 shares during the last quarter.

SPDR Bloomberg 3-12 Month T-Bill ETF Company Profile

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of US Treasury bills with maturities between 3-12 months. BILS was launched on Sep 23, 2020 and is managed by State Street.