Sun Life Financial Inc. Invests $7.41 Million in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Sun Life Financial Inc. purchased a new stake in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 80,725 shares of the company’s stock, valued at approximately $7,405,000. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for approximately 0.4% of Sun Life Financial Inc.’s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIL. Truist Financial Corp raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 6.0% during the second quarter. Truist Financial Corp now owns 3,389,965 shares of the company’s stock valued at $310,961,000 after acquiring an additional 191,980 shares during the period. AGF Management Ltd. lifted its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 25.4% in the second quarter. AGF Management Ltd. now owns 3,076,049 shares of the company’s stock valued at $282,166,000 after purchasing an additional 622,409 shares in the last quarter. Partners Capital Investment Group LLP boosted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 30.1% in the first quarter. Partners Capital Investment Group LLP now owns 2,812,458 shares of the company’s stock worth $257,987,000 after buying an additional 650,315 shares during the period. 3EDGE Asset Management LP grew its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 30.0% during the second quarter. 3EDGE Asset Management LP now owns 2,535,005 shares of the company’s stock valued at $232,534,000 after buying an additional 585,201 shares in the last quarter. Finally, CWM LLC raised its position in SPDR Bloomberg 1-3 Month T-Bill ETF by 16.2% during the second quarter. CWM LLC now owns 2,360,037 shares of the company’s stock valued at $216,486,000 after buying an additional 329,728 shares during the period.

SPDR Bloomberg 1-3 Month T-Bill ETF Stock Down 0.3%

NYSEARCA:BIL opened at $91.45 on Tuesday. The stock’s 50-day moving average is $91.61 and its two-hundred day moving average is $91.61. SPDR Bloomberg 1-3 Month T-Bill ETF has a fifty-two week low of $91.29 and a fifty-two week high of $91.78.

SPDR Bloomberg 1-3 Month T-Bill ETF 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.