SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (NYSEARCA:BIL) saw unusually-high trading volume on Tuesday . Approximately 7,508,259 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 8,885,009 shares.The stock last traded at $91.53 and had previously closed at $91.52.

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

The firm has a 50 day moving average of $91.57 and a 200 day moving average of $91.60.

Institutional Investors Weigh In On SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. WR Wealth Planners LLC increased its stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF by 317.5% during the fourth quarter. WR Wealth Planners LLC now owns 405 shares of the company’s stock valued at $37,000 after buying an additional 308 shares during the period. BNP Paribas bought a new position in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF during the third quarter valued at approximately $50,000. Copia Wealth Management purchased a new position in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF during the fourth quarter valued at approximately $93,000. Golden State Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the 4th quarter worth approximately $140,000. Finally, BankPlus Trust Department purchased a new stake in shares of SPDR Bloomberg Barclays 1-3 Month T-Bill ETF in the 4th quarter worth approximately $199,000.

About SPDR Bloomberg Barclays 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.