Hershey Financial Advisers LLC Takes $24.48 Million Position in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS)

Hershey Financial Advisers LLC purchased a new position in shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 246,344 shares of the company’s stock, valued at approximately $24,479,000. SPDR Bloomberg 3-12 Month T-Bill ETF makes up about 22.0% of Hershey Financial Advisers LLC’s portfolio, making the stock its 2nd largest position.

Other large investors have also recently added to or reduced their stakes in the company. AlphaMark Advisors LLC purchased a new position in SPDR Bloomberg 3-12 Month T-Bill ETF during the first quarter worth $26,000. Salomon & Ludwin LLC acquired a new position in SPDR Bloomberg 3-12 Month T-Bill ETF in the 1st quarter valued at about $180,000. Retirement Planning Group LLC purchased a new position in SPDR Bloomberg 3-12 Month T-Bill ETF in the 1st quarter valued at about $201,000. Moloney Securities Asset Management LLC acquired a new stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF during the 2nd quarter worth about $216,000. Finally, Premier Path Wealth Partners LLC acquired a new stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF during the 2nd quarter worth about $225,000.

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

NYSEARCA:BILS opened at $99.59 on Monday. The firm has a 50 day simple moving average of $99.34 and a 200-day simple moving average of $99.25. SPDR Bloomberg 3-12 Month T-Bill ETF has a 1-year low of $98.89 and a 1-year high of $99.60.

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.