SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sets New 52-Week Low – What’s Next?

Shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) reached a new 52-week low during trading on Thursday. The stock traded as low as $99.04 and last traded at $99.0450, with a volume of 37581 shares trading hands. The stock had previously closed at $99.34.

SPDR Bloomberg 3-12 Month T-Bill ETF Stock Performance

The business’s 50-day moving average is $99.27 and its 200 day moving average is $99.28.

Institutional Trading of SPDR Bloomberg 3-12 Month T-Bill ETF

Several large investors have recently modified their holdings of BILS. Horizon Wealth Management LLC bought a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF in the first quarter worth $215,000. GAMMA Investing LLC raised its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 116.0% in the second quarter. GAMMA Investing LLC now owns 3,114 shares of the company’s stock valued at $309,000 after purchasing an additional 1,672 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the fourth quarter worth about $311,000. Cornerstone Planning LLC bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the fourth quarter worth about $322,000. Finally, Arkadios Wealth Advisors acquired a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF during the first quarter worth about $337,000.

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.