SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) Sees Strong Trading Volume – Time to Buy?

Shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) saw unusually-strong trading volume on Friday . Approximately 269,859 shares were traded during mid-day trading, a decline of 23% from the previous session’s volume of 349,513 shares.The stock last traded at $99.33 and had previously closed at $99.30.

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

The firm has a 50 day moving average price of $99.31 and a two-hundred day moving average price of $99.28.

Institutional Investors Weigh In On SPDR Bloomberg 3-12 Month T-Bill ETF

Institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 22.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 27,333 shares of the company’s stock worth $2,716,000 after acquiring an additional 5,076 shares during the period. Western Wealth Management LLC increased its holdings in SPDR Bloomberg 3-12 Month T-Bill ETF by 5.7% in the second quarter. Western Wealth Management LLC now owns 9,411 shares of the company’s stock worth $935,000 after purchasing an additional 506 shares in the last quarter. Parsons Capital Management Inc. RI lifted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 12.2% in the second quarter. Parsons Capital Management Inc. RI now owns 17,020 shares of the company’s stock valued at $1,691,000 after buying an additional 1,845 shares during the period. Onyx Bridge Wealth Group LLC lifted its stake in SPDR Bloomberg 3-12 Month T-Bill ETF by 1.2% in the second quarter. Onyx Bridge Wealth Group LLC now owns 33,737 shares of the company’s stock valued at $3,352,000 after buying an additional 416 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its holdings in shares of SPDR Bloomberg 3-12 Month T-Bill ETF by 67.8% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 21,573 shares of the company’s stock worth $2,144,000 after buying an additional 8,718 shares in the last quarter.

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.