The Manufacturers Life Insurance Company Reduces Position in SPDR Bloomberg 1-3 Month T-Bill ETF $BIL

The Manufacturers Life Insurance Company trimmed its position in shares of SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL) by 60.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,676 shares of the company’s stock after selling 47,490 shares during the period. The Manufacturers Life Insurance Company’s holdings in SPDR Bloomberg 1-3 Month T-Bill ETF were worth $2,811,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Capital Management LLC lifted its stake in SPDR Bloomberg 1-3 Month T-Bill ETF by 1.6% in the second quarter. Wealthcare Capital Management LLC now owns 6,989 shares of the company’s stock worth $640,000 after purchasing an additional 112 shares during the last quarter. Solstein Capital LLC grew its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 9.1% during the fourth quarter. Solstein Capital LLC now owns 1,381 shares of the company’s stock valued at $126,000 after buying an additional 115 shares during the last quarter. Verity Asset Management Inc. raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 5.0% in the third quarter. Verity Asset Management Inc. now owns 2,459 shares of the company’s stock worth $226,000 after buying an additional 117 shares during the period. IFC & Insurance Marketing Inc. raised its holdings in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 3.2% in the first quarter. IFC & Insurance Marketing Inc. now owns 4,219 shares of the company’s stock worth $387,000 after buying an additional 131 shares during the period. Finally, Summit Financial Strategies Inc. lifted its stake in shares of SPDR Bloomberg 1-3 Month T-Bill ETF by 3.6% during the 1st quarter. Summit Financial Strategies Inc. now owns 4,015 shares of the company’s stock worth $368,000 after acquiring an additional 141 shares during the last quarter.

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

BIL opened at $91.50 on Monday. The business has a fifty day moving average of $91.53 and a 200 day moving average of $91.52. SPDR Bloomberg 1-3 Month T-Bill ETF has a 52-week low of $91.26 and a 52-week high of $91.77.

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.