Arax Advisory Partners Buys New Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Arax Advisory Partners bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the fourth quarter, Holdings Channel.com reports. The fund bought 63,957 shares of the company’s stock, valued at approximately $5,844,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised its stake in 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 purchasing an additional 2,270,073 shares in the last quarter. UBS Group AG raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 3.4% in the fourth quarter. UBS Group AG now owns 8,197,313 shares of the company’s stock valued at $749,070,000 after purchasing an additional 268,076 shares in the last quarter. Wells Fargo & Company MN raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 6,985,142 shares of the company’s stock valued at $638,302,000 after purchasing an additional 279,751 shares in the last quarter. Captrust Financial Advisors raised its stake 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 valued at $529,995,000 after purchasing an additional 2,487,366 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 4.7% in the fourth quarter. Capital Wealth Planning LLC now owns 4,808,345 shares of the company’s stock valued at $439,386,000 after purchasing an additional 214,187 shares in the last quarter.

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

Shares of BIL opened at $91.51 on Friday. The firm’s 50 day simple moving average is $91.51 and its 200 day simple moving average is $91.51. 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.