Elevate Capital Advisors LLC Increases Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Elevate Capital Advisors LLC boosted its position in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 192.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,382 shares of the company’s stock after purchasing an additional 48,966 shares during the period. SPDR Bloomberg 1-3 Month T-Bill ETF makes up about 4.8% of Elevate Capital Advisors LLC’s portfolio, making the stock its largest holding. Elevate Capital Advisors LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $6,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BIL. Bank of America Corp DE lifted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 14.6% in the second quarter. Bank of America Corp DE now owns 17,775,986 shares of the company’s stock valued at $1,630,591,000 after buying an additional 2,270,073 shares during the period. Captrust Financial Advisors raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 75.6% in the second quarter. Captrust Financial Advisors now owns 5,777,775 shares of the company’s stock worth $529,995,000 after acquiring an additional 2,487,366 shares in the last quarter. Raymond James Financial Inc. raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 39.9% in the second quarter. Raymond James Financial Inc. now owns 4,041,128 shares of the company’s stock worth $370,693,000 after acquiring an additional 1,153,335 shares in the last quarter. Truist Financial Corp lifted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 6.0% in the 2nd quarter. Truist Financial Corp now owns 3,389,965 shares of the company’s stock valued at $310,961,000 after acquiring an additional 191,980 shares during the last quarter. Finally, AGF Management Ltd. lifted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 25.4% in the 2nd quarter. AGF Management Ltd. now owns 3,076,049 shares of the company’s stock valued at $282,166,000 after acquiring an additional 622,409 shares during the last quarter.

SPDR Bloomberg 1-3 Month T-Bill ETF Stock Up 0.0%

Shares of BIL opened at $91.50 on Thursday. The firm’s 50 day moving average is $91.51 and its 200-day moving average is $91.57. 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.