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

On November 10, 2024, it was reported that Portside Wealth Group LLC has decreased its investment 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 holds a total of 3,948 shares in the ETF, which equated to a value of approximately $393,000 at the close of the recent reporting period.

In the broader context, other institutional investors have also made adjustments to their positions in the SPDR Bloomberg 3-12 Month T-Bill ETF. Notably, Sargent Investment Group LLC increased its stake by 7.4% in the second quarter, bringing their total to 486,001 shares valued at $48,294,000 after acquiring an additional 33,683 shares. Additionally, Hershey Financial Advisers LLC entered the scene with a new investment valued at $24,479,000 during the same quarter.

Further investments were made by Moloney Securities Asset Management LLC, which bought shares worth $216,000, and NewEdge Advisors LLC, which raised its position by an impressive 137.2% in the second quarter to hold 100,286 shares valued at around $9,965,000 after purchasing an additional 58,006 shares. Wealth Enhancement Advisory Services LLC also boosted its holdings in the ETF by 22.8%, now owning 27,333 shares worth about $2,716,000 after acquiring 5,076 more shares in the same period.

Current Stock Performance of BILS

As of the last trading session, shares of the SPDR Bloomberg 3-12 Month T-Bill ETF opened at $99.24. The ETF has shown stability recently, with a 50-day moving average of $99.34 and a 200-day moving average of $99.27. Over the past year, the stock has reached 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 that primarily invests in high-quality fixed-income securities. It follows an index that is market value-weighted, focusing on U.S. Treasury bills with maturities that fall between 3 to 12 months. The fund was launched on September 23, 2020, and is managed by State Street.

For those interested in current holdings and movements of hedge funds regarding the BILS ETF, detailed insights can be found on platforms that track institutional investments.

In summary, the recent activity around the SPDR Bloomberg 3-12 Month T-Bill ETF highlights changing strategies among investors, with notable increases and decreases in holdings from various institutional stakeholders.

ETF, Investment, Finance