JGP Wealth Management LLC has acquired a significant stake in the SPDR Bloomberg 1-3 Month T-Bill ETF, as revealed in its recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 71,989 shares of the ETF, amounting to an investment valued at approximately $6,585,000. This move marks a notable expansion in JGP’s investment portfolio during the third quarter of the fiscal year.
Several other institutional investors have also shown interest in the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL). In the second quarter, Western Pacific Wealth Management LP entered the market with a new stake worth about $38,000. Similarly, MeadowBrook Investment Advisors LLC acquired shares valued at approximately $43,000. Another significant player, Ameriflex Group Inc., increased its position in the ETF by 205.1%, now holding 482 shares valued at $44,000 after adding 324 shares to its holdings.
Other investors include Bangor Savings Bank, which purchased shares valued at around $50,000, and GHP Investment Advisors Inc., which raised its stake by 34.4%, bringing its total to 586 shares worth $54,000 after acquiring an additional 150 shares.
Current Trading Status of SPDR Bloomberg 1-3 Month T-Bill ETF
As of Thursday, shares of the SPDR Bloomberg 1-3 Month T-Bill ETF opened at $91.33. The stock has maintained a 50-day moving average price of $91.57 and a 200-day moving average price of $91.59. Over the past year, the ETF has seen a low of $91.26 and a high of $91.78.
The SPDR Bloomberg 1-3 Month T-Bill ETF primarily invests in investment-grade fixed income securities. Specifically, it tracks a market-weighted index of all publicly issued zero-coupon US Treasury bills that have a maturity ranging from one month to less than three months. Launched on May 25, 2007, the ETF is managed by State Street.
Investors interested in the latest movements of this ETF can explore further details through platforms such as HoldingsChannel.com, which provides updates on 13F filings and insider trades for the SPDR Bloomberg 1-3 Month T-Bill ETF. For daily insights and news on related companies, MarketBeat.com offers a concise email newsletter summarizing relevant updates and analyst ratings.
