Portside Wealth Group LLC Reduces Stake in SPDR Bloomberg 3-12 Month T-Bill ETF

On November 10, 2024, it was reported that Portside Wealth Group LLC has reduced its holdings in the SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS). During the third quarter, the firm sold 116 shares, which is a decrease of 2.9%. By the end of the reporting period, Portside Wealth Group LLC owned a total of 3,948 shares valued at approximately $393,000.

Other institutional investors have been active regarding their stakes in the ETF as well. For instance, Sargent Investment Group LLC increased its holdings by 7.4% in the second quarter, acquiring an additional 33,683 shares to bring its total to 486,001 shares, worth roughly $48.3 million. Meanwhile, Hershey Financial Advisers LLC entered a new investment in the fund during the same quarter, with a stake valued at $24.5 million. Additionally, Moloney Securities Asset Management LLC also acquired new shares worth $216,000 in the second quarter.

NewEdge Advisors LLC notably raised its position in the SPDR Bloomberg 3-12 Month T-Bill ETF by 137.2%, taking its total to 100,286 shares valued at about $9.97 million after purchasing 58,006 shares. Wealth Enhancement Advisory Services LLC further augmented its investments by 22.8% during the second quarter, bringing its total to 27,333 shares worth $2.72 million after acquiring an additional 5,076 shares.

Current Performance of SPDR Bloomberg 3-12 Month T-Bill ETF

As of Friday, shares of NYSEARCA BILS opened at $99.24. The ETF has maintained a 50-day moving average of $99.34 and a 200-day moving average of $99.27. Over the past year, the ETF has seen a low at $98.89 and a high of $99.60.

Overview of SPDR Bloomberg 3-12 Month T-Bill ETF

The SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) is designed to primarily invest in investment-grade fixed income securities. This fund tracks a market value-weighted index comprised of U.S. Treasury bills with maturities between three to twelve months. Launched on September 23, 2020, the ETF is managed by State Street.

Additional Information

For those interested in learning more about other hedge funds holding BILS, details are available through their 13F filings and insider trading reports.

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SPDR, ETF, Investments