Capital Investment Advisory Services LLC Invests $64.86 Million in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Capital Investment Advisory Services LLC bought a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 709,767 shares of the company’s stock, valued at approximately $64,858,000. SPDR Bloomberg 1-3 Month T-Bill ETF makes up approximately 4.6% of Capital Investment Advisory Services LLC’s holdings, making the stock its largest holding. Capital Investment Advisory Services LLC owned approximately 0.15% of SPDR Bloomberg 1-3 Month T-Bill ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in BIL. Cerity Partners LLC increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 15.5% during the 2nd quarter. Cerity Partners LLC now owns 86,487 shares of the company’s stock valued at $7,933,000 after buying an additional 11,600 shares in the last quarter. Stonehaven Wealth & Tax Solutions LLC acquired a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 2nd quarter valued at about $538,000. NewEdge Advisors LLC increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 119.9% during the 2nd quarter. NewEdge Advisors LLC now owns 494,824 shares of the company’s stock valued at $45,390,000 after buying an additional 269,840 shares in the last quarter. Heritage Wealth Management Inc. increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 10.1% during the 2nd quarter. Heritage Wealth Management Inc. now owns 5,365 shares of the company’s stock valued at $492,000 after buying an additional 490 shares in the last quarter. Finally, Marathon Capital Management increased its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 66.9% during the 2nd quarter. Marathon Capital Management now owns 38,045 shares of the company’s stock valued at $3,490,000 after buying an additional 15,245 shares in the last quarter.

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

Shares of NYSEARCA:BIL opened at $91.45 on Thursday. The business’s 50-day moving average is $91.50 and its 200 day moving average is $91.54. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1 year low of $91.26 and a 1 year high of $91.78.

About SPDR Bloomberg 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.