Novem Group Reduces Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Novem Group trimmed its stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 10.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,731 shares of the company’s stock after selling 333 shares during the period. Novem Group’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $251,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 384.1% in the 1st quarter. Pinnacle Bancorp Inc. now owns 305 shares of the company’s stock worth $28,000 after purchasing an additional 242 shares during the period. Western Pacific Wealth Management LP bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the second quarter valued at approximately $38,000. Wayfinding Financial LLC bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF during the first quarter valued at approximately $39,000. Bangor Savings Bank bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter worth approximately $50,000. Finally, Bessemer Group Inc. bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the first quarter worth approximately $59,000.

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

BIL stock opened at $91.74 on Friday. SPDR Bloomberg 1-3 Month T-Bill ETF has a one year low of $91.29 and a one year high of $91.82. The company’s fifty day moving average price is $91.63 and its 200-day moving average price is $91.60.

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.