Park Edge Advisors LLC Buys 328,867 Shares of SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Park Edge Advisors LLC boosted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 432.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 404,961 shares of the company’s stock after acquiring an additional 328,867 shares during the period. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for 8.6% of Park Edge Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Park Edge Advisors LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $37,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter worth approximately $2,407,000. Main Street Financial Solutions LLC increased its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 67.9% during the second quarter. Main Street Financial Solutions LLC now owns 10,333 shares of the company’s stock worth $948,000 after buying an additional 4,179 shares during the period. Quantinno Capital Management LP increased its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 816.1% during the second quarter. Quantinno Capital Management LP now owns 135,311 shares of the company’s stock worth $12,412,000 after buying an additional 120,540 shares during the period. Karpus Management Inc. increased its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 11.7% during the second quarter. Karpus Management Inc. now owns 7,290 shares of the company’s stock worth $669,000 after buying an additional 765 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the second quarter worth $123,000.

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

BIL stock opened at $91.59 on Thursday. The company’s fifty day simple moving average is $91.53 and its 200 day simple moving average is $91.51. 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.