Westbourne Investments Inc. Invests $5.46 Million in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Westbourne Investments Inc. bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 58,960 shares of the company’s stock, valued at approximately $5,459,000. SPDR Bloomberg 1-3 Month T-Bill ETF comprises 2.7% of Westbourne Investments Inc.’s holdings, making the stock its 8th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors grew its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 75.6% during the second quarter. Captrust Financial Advisors now owns 5,777,775 shares of the company’s stock worth $529,995,000 after acquiring an additional 2,487,366 shares during the last quarter. Bank of America Corp DE raised its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 14.6% in the 2nd 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 during the last quarter. Synergy Asset Management LLC boosted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 194.7% in the 3rd quarter. Synergy Asset Management LLC now owns 1,879,535 shares of the company’s stock worth $172,422,000 after purchasing an additional 1,241,735 shares in the last quarter. Raymond James Financial Inc. grew its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 39.9% during the 2nd quarter. Raymond James Financial Inc. now owns 4,041,128 shares of the company’s stock worth $370,693,000 after purchasing an additional 1,153,335 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 85.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,209,801 shares of the company’s stock worth $202,705,000 after purchasing an additional 1,019,145 shares during the last quarter.

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

Shares of SPDR Bloomberg 1-3 Month T-Bill ETF stock opened at $91.45 on Wednesday. The firm’s 50 day simple moving average is $91.48 and its two-hundred day simple moving average is $91.56. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78.

SPDR Bloomberg 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.