SPDR Bloomberg 1-3 Month T-Bill ETF $BIL Stock: Convergence Financial LLC Boosts Position

Convergence Financial LLC boosted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 204.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,697 shares of the company’s stock after buying an additional 24,649 shares during the period. Convergence Financial LLC’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $3,363,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 14.8% during the first quarter. Bank of America Corp DE now owns 18,872,546 shares of the company’s stock valued at $1,729,480,000 after buying an additional 2,438,044 shares during the last quarter. Assetmark Inc. boosted its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 290.8% in the first quarter. Assetmark Inc. now owns 5,707,321 shares of the company’s stock worth $523,019,000 after acquiring an additional 4,246,874 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 52.0% in the first quarter. Cetera Investment Advisers now owns 4,348,951 shares of the company’s stock worth $398,538,000 after acquiring an additional 1,487,570 shares during the last quarter. USA Financial Formulas purchased a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter worth $300,320,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter worth $294,583,000.

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

BIL opened at $91.66 on Thursday. The stock has a 50-day moving average price of $91.55 and a 200-day moving average price of $91.53. SPDR Bloomberg 1-3 Month T-Bill ETF has a 1 year low of $91.26 and a 1 year high of $91.77.

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.