SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) Sees Unusually-High Trading Volume

Shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) saw strong trading volume on Wednesday . 4,216,948 shares changed hands during mid-day trading, a decline of 39% from the previous session’s volume of 6,949,450 shares.The stock last traded at $91.43 and had previously closed at $91.40.

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

The company has a 50-day moving average of $91.63 and a 200 day moving average of $91.59.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BIL. Arlington Partners LLC boosted its holdings in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 79.1% in the third quarter. Arlington Partners LLC now owns 64,148 shares of the company’s stock valued at $5,890,000 after purchasing an additional 28,339 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 148.9% in the third quarter. Bank of New York Mellon Corp now owns 256,073 shares of the company’s stock valued at $23,513,000 after purchasing an additional 153,190 shares during the period. Deane Retirement Strategies Inc. boosted its holdings in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 43.0% in the third quarter. Deane Retirement Strategies Inc. now owns 261,504 shares of the company’s stock valued at $24,011,000 after purchasing an additional 78,696 shares during the period. NBT Bank N A NY purchased a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the third quarter valued at approximately $310,000. Finally, TIAA Trust National Association bought a new position in SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the third quarter worth approximately $366,000.

SPDR Bloomberg Barclays 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.