Marathon Capital Management Raises Holdings in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Marathon Capital Management grew its position in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 7.8% during the second quarter, HoldingsChannel.com reports. The firm owned 210,769 shares of the company’s stock after buying an additional 15,323 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for approximately 3.9% of Marathon Capital Management’s investment portfolio, making the stock its 3rd biggest holding. Marathon Capital Management’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $19,315,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Quarry LP acquired a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 4th quarter valued at approximately $36,000. Networth Advisors LLC bought a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF in the 1st quarter valued at approximately $38,000. Imprint Wealth LLC acquired a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 3rd quarter worth approximately $44,000. Bessemer Group Inc. boosted its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 199.5% during the 1st quarter. Bessemer Group Inc. now owns 599 shares of the company’s stock worth $55,000 after acquiring an additional 399 shares during the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF during the 1st quarter worth approximately $58,000.

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

NYSEARCA BIL opened at $91.51 on Friday. SPDR Bloomberg 1-3 Month T-Bill ETF has a 12-month low of $91.26 and a 12-month high of $91.78. The firm’s 50 day moving average is $91.53 and its 200-day moving average is $91.52.

About SPDR Bloomberg 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.