SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Reaches New 12-Month Low – Here’s What Happened

SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) reached a new 52-week low during trading on Thursday. The stock traded as low as $99.04 and last traded at $99.0450, with a volume of 37581 shares changing hands. The stock had previously closed at $99.34.

SPDR Bloomberg 3-12 Month T-Bill ETF Stock Down 0.3%

The firm’s 50 day moving average is $99.27 and its two-hundred day moving average is $99.28.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Horizon Wealth Management LLC bought a new position in SPDR Bloomberg 3-12 Month T-Bill ETF during the first quarter worth about $215,000. GAMMA Investing LLC boosted its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 116.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,114 shares of the company’s stock worth $309,000 after acquiring an additional 1,672 shares during the period. Kingsview Wealth Management LLC acquired a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF during the 4th quarter worth approximately $311,000. Cornerstone Planning LLC acquired a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF during the 4th quarter worth approximately $322,000. Finally, Arkadios Wealth Advisors bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF in the 1st quarter valued at $337,000.

SPDR Bloomberg 3-12 Month T-Bill ETF Company Profile

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.