Beam Wealth Advisors Inc. Raises Stock Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

Beam Wealth Advisors Inc. raised its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 17.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 111,062 shares of the company’s stock after acquiring an additional 16,223 shares during the quarter. SPDR Bloomberg 1-3 Month T-Bill ETF comprises 2.8% of Beam Wealth Advisors Inc.’s portfolio, making the stock its 6th biggest holding. Beam Wealth Advisors Inc.’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $10,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 301.1% in the fourth quarter. Spire Wealth Management now owns 55,293 shares of the company’s stock worth $5,053,000 after purchasing an additional 41,506 shares during the period. 12th Street Asset Management Company LLC increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 19.5% in the third quarter. 12th Street Asset Management Company LLC now owns 594,971 shares of the company’s stock worth $54,589,000 after purchasing an additional 97,245 shares during the period. Cornerstone Wealth Group LLC bought a new position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF in the third quarter worth about $902,000. Fortis Capital Management LLC increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 19.9% in the third quarter. Fortis Capital Management LLC now owns 57,433 shares of the company’s stock worth $5,269,000 after purchasing an additional 9,536 shares during the period. Finally, AllGen Financial Advisors Inc. increased its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 20.3% in the fourth quarter. AllGen Financial Advisors Inc. now owns 135,282 shares of the company’s stock worth $12,362,000 after purchasing an additional 22,838 shares during the period.

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

BIL stock opened at $91.46 on Monday. SPDR Bloomberg 1-3 Month T-Bill ETF has a twelve month low of $91.26 and a twelve month high of $91.78. The business’s 50-day simple moving average is $91.52 and its 200 day simple moving average is $91.53.

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.