SPDR Bloomberg 1-3 Month T-Bill ETF $BIL Position Cut by Convergence Financial LLC

Convergence Financial LLC lowered its position in SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 312,414 shares of the company’s stock after selling 51,670 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF makes up approximately 4.9% of Convergence Financial LLC’s portfolio, making the stock its 4th biggest position. Convergence Financial LLC owned approximately 0.07% of SPDR Bloomberg 1-3 Month T-Bill ETF worth $28,658,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BIL. Western Pacific Wealth Management LP acquired a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the 2nd quarter valued at $38,000. Wayfinding Financial LLC purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF during the 1st quarter worth $39,000. MeadowBrook Investment Advisors LLC acquired a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at $43,000. Ameriflex Group Inc. raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 205.1% in the second quarter. Ameriflex Group Inc. now owns 482 shares of the company’s stock valued at $44,000 after buying an additional 324 shares during the last quarter. Finally, Bangor Savings Bank purchased a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at about $50,000.

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

NYSEARCA BIL opened at $91.48 on Wednesday. SPDR Bloomberg 1-3 Month T-Bill ETF has a 52-week low of $91.29 and a 52-week high of $91.80. The business’s 50-day moving average price is $91.62 and its 200 day moving average price is $91.60.

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.