Westbourne Investments Inc. Invests $5.46 Million in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Westbourne Investments Inc. purchased a new stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,960 shares of the company’s stock, valued at approximately $5,459,000. SPDR Bloomberg 1-3 Month T-Bill ETF accounts for about 2.7% of Westbourne Investments Inc.’s holdings, making the stock its 8th largest holding.

A number of other institutional investors also recently bought and sold shares of BIL. Bank of Nova Scotia raised its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 38.5% in the 2nd quarter. Bank of Nova Scotia now owns 443,976 shares of the company’s stock worth $40,724,000 after acquiring an additional 123,509 shares in the last quarter. Global Retirement Partners LLC purchased a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the second quarter valued at about $25,200,000. Bricktown Capital LLC bought a new position in SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter worth about $2,064,000. Lpwm LLC raised its holdings in SPDR Bloomberg 1-3 Month T-Bill ETF by 71.4% in the third quarter. Lpwm LLC now owns 34,490 shares of the company’s stock worth $3,164,000 after purchasing an additional 14,367 shares in the last quarter. Finally, Lido Advisors LLC lifted its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 57.4% during the second quarter. Lido Advisors LLC now owns 52,523 shares of the company’s stock valued at $4,818,000 after buying an additional 19,158 shares during the last quarter.

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

NYSEARCA:BIL opened at $91.45 on Wednesday. The company’s 50-day simple moving average is $91.48 and its 200-day simple moving average is $91.56. SPDR Bloomberg 1-3 Month T-Bill ETF has a fifty-two week low of $91.26 and a fifty-two week high of $91.78.

SPDR Bloomberg 1-3 Month T-Bill ETF Profile

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.