SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Unusually-High Trading Volume

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw strong trading volume on Tuesday . 243,264 shares traded hands during trading, a decline of 26% from the previous session’s volume of 329,116 shares.The stock last traded at $99.21 and had previously closed at $99.58.

SPDR Bloomberg 3-12 Month T-Bill ETF Stock Performance

The business has a 50 day moving average price of $99.34 and a 200 day moving average price of $99.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BILS. LPL Financial LLC grew its position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 18.7% during the 2nd quarter. LPL Financial LLC now owns 1,964,197 shares of the company’s stock worth $195,182,000 after buying an additional 309,915 shares in the last quarter. Osaic Holdings Inc. grew its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 5.8% during the 1st quarter. Osaic Holdings Inc. now owns 779,210 shares of the company’s stock worth $77,470,000 after acquiring an additional 42,506 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in SPDR Bloomberg 3-12 Month T-Bill ETF during the 4th quarter valued at about $60,182,000. Envestnet Asset Management Inc. raised its holdings in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 40.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 602,241 shares of the company’s stock valued at $59,694,000 after purchasing an additional 173,517 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 13.9% during the second quarter. Coldstream Capital Management Inc. now owns 592,876 shares of the company’s stock valued at $58,914,000 after purchasing an additional 72,457 shares in the last quarter.

About SPDR Bloomberg 3-12 Month T-Bill ETF

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.