SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Strong Trading Volume – Here’s Why

Shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw unusually-high trading volume on Friday . Approximately 269,859 shares changed hands during mid-day trading, a decline of 23% from the previous session’s volume of 349,513 shares.The stock last traded at $99.33 and had previously closed at $99.30.

SPDR Bloomberg 3-12 Month T-Bill ETF Trading Up 0.0 %

The business’s 50-day moving average price is $99.31 and its 200 day moving average price is $99.28.

Hedge Funds Weigh In On SPDR Bloomberg 3-12 Month T-Bill ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BILS. DGS Capital Management LLC lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 11.1% during the third quarter. DGS Capital Management LLC now owns 9,749 shares of the company’s stock valued at $971,000 after purchasing an additional 971 shares during the last quarter. Coldstream Capital Management Inc. grew its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 4.7% in the third quarter. Coldstream Capital Management Inc. now owns 620,884 shares of the company’s stock worth $61,828,000 after acquiring an additional 28,008 shares in the last quarter. MML Investors Services LLC increased its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 16.5% in the third quarter. MML Investors Services LLC now owns 76,321 shares of the company’s stock valued at $7,600,000 after acquiring an additional 10,798 shares during the last quarter. Delos Wealth Advisors LLC raised its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.7% during the third quarter. Delos Wealth Advisors LLC now owns 125,559 shares of the company’s stock valued at $12,503,000 after purchasing an additional 2,053 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 3.1% during the third quarter. Orion Portfolio Solutions LLC now owns 26,023 shares of the company’s stock worth $2,591,000 after purchasing an additional 771 shares during the last quarter.

About SPDR Bloomberg 3-12 Month T-Bill ETF

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market value-weighted index of US Treasury bills with maturities between 3-12 months. BILS was launched on Sep 23, 2020 and is managed by State Street.