Lavelle Capital LP Buys 117,231 Shares of SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Lavelle Capital LP raised its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 1,532.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,881 shares of the company’s stock after buying an additional 117,231 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for 4.9% of Lavelle Capital LP’s portfolio, making the stock its 7th largest position. Lavelle Capital LP’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $11,444,000 as of its most recent filing with the Securities and Exchange Commission.

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

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

Shares of NYSEARCA:BIL opened at $91.51 on Friday. The company’s fifty day moving average is $91.53 and its two-hundred day moving average is $91.52. 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 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.