Portside Wealth Group LLC Reduces Stake in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS)

On November 10, 2024, it was reported that Portside Wealth Group LLC has reduced its holdings in the SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) by 2.9% during the third quarter. Following the sale of 116 shares, the firm now owns 3,948 shares valued at approximately $393,000 as of the last reporting period.

Other institutional investors have also been active with their holdings in the SPDR Bloomberg 3-12 Month T-Bill ETF. For instance, Sargent Investment Group LLC increased its stake by 7.4% in the second quarter, acquiring an additional 33,683 shares to reach a total of 486,001 shares valued at around $48.29 million. Meanwhile, Hershey Financial Advisers LLC initiated a new investment in the fund worth $24.48 million during the same quarter.

Moloney Securities Asset Management LLC made a new purchase in the second quarter as well, investing $216,000, while NewEdge Advisors LLC raised its position significantly by 137.2%, acquiring an additional 58,006 shares and bringing its total holdings to 100,286 shares valued at approximately $9.97 million. Additionally, Wealth Enhancement Advisory Services LLC increased its holdings by 22.8%, acquiring 5,076 shares to total 27,333 shares worth around $2.72 million.

Performance of SPDR Bloomberg 3-12 Month T-Bill ETF

As of the latest trading session, shares of the SPDR Bloomberg 3-12 Month T-Bill ETF opened at $99.24. The stock has maintained a 50-day moving average of $99.34 and a 200-day moving average of $99.27. Over the past year, the ETF has experienced a low of $98.89 and a high of $99.60.

Understanding the SPDR Bloomberg 3-12 Month T-Bill ETF

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an exchange-traded fund focused primarily on investment-grade fixed-income securities. Specifically, BILS tracks a market value-weighted index of U.S. Treasury bills with maturities ranging from 3 to 12 months. Launched on September 23, 2020, this ETF is managed by State Street.

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For more information about other hedge funds holding BILS, you can explore recent filings and insider trades.

ETF, Investment, Finance