Portside Wealth Group LLC Sells Shares in SPDR Bloomberg 3-12 Month T-Bill ETF

On November 10, 2024, it was reported that Portside Wealth Group LLC has reduced its stake in the SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) by 2.9% during the third quarter of 2024. Following the sale of 116 shares, the fund now owns a total of 3,948 shares valued at approximately $393,000 as of the latest reporting period.

Other institutional investors have also made adjustments to their positions in BILS. For example, Sargent Investment Group LLC increased its stake by 7.4% during the second quarter, acquiring an additional 33,683 shares, bringing its total holdings to 486,001 shares worth around $48.3 million. Hershey Financial Advisers LLC made a significant entry by purchasing a new stake in the ETF for $24.5 million during the same quarter. Additionally, Moloney Securities Asset Management LLC and NewEdge Advisors LLC both established new positions, with NewEdge Advisors LLC increasing its stake by 137.2% and now owning 100,286 shares valued at approximately $9.97 million.

Wealth Enhancement Advisory Services LLC also enhanced its position, raising its ownership by 22.8%, now holding 27,333 shares worth $2.72 million after adding 5,076 shares in the last quarter.

BILS Performance Overview

The SPDR Bloomberg 3-12 Month T-Bill ETF's stock price remained stable, opening at $99.24. As of this date, its 50-day moving average stands at $99.34, while the 200-day moving average is at $99.27. The ETF has experienced a 12-month low of $98.89 and a high of $99.60.

About SPDR Bloomberg 3-12 Month T-Bill ETF

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an exchange-traded fund focused primarily on investment-grade fixed income assets. It tracks a market value-weighted index that includes US Treasury bills maturing between 3 to 12 months. The fund was launched on September 23, 2020, and is managed by State Street.

Conclusion

With these adjustments among various institutional investors, the position of the SPDR Bloomberg 3-12 Month T-Bill ETF in the market remains dynamic and noteworthy. Investors are encouraged to monitor such changes as they may indicate trends in investor sentiment toward fixed income assets and treasury bills.

ETF, Investment, BILS