Procyon Advisors LLC significantly increased its investment in the SPDR Bloomberg 1-3 Month T-Bill ETF, raising its stake by 103.4% during the third quarter of 2023. According to HoldingsChannel.com, the institutional investor now owns 37,274 shares, following the acquisition of an additional 18,949 shares during the reporting period. This expansion brings the total value of Procyon Advisors’ holdings in the ETF to approximately $3.42 million.
Several other institutional investors have also adjusted their positions in the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL). Notably, Bank of America Corp DE raised its stake by 14.6% in the second quarter, amassing 17,775,986 shares valued at $1.63 billion. This increase followed the acquisition of an additional 2,270,073 shares within the quarter.
Captrust Financial Advisors showed a remarkable increase as well, boosting its holdings in the ETF by 75.6%. They now own 5,777,775 shares, worth approximately $530 million, after purchasing 2,487,366 shares in the last quarter. Similarly, Raymond James Financial Inc. increased its position by 39.9%, owning 4,041,128 shares valued at around $370.7 million after acquiring an additional 1,153,335 shares.
Truist Financial Corp and AGF Management Ltd. also made noteworthy adjustments. Truist’s stake grew by 6.0%, resulting in ownership of 3,389,965 shares valued at about $311 million. Meanwhile, AGF Management increased its stake by 25.4%, bringing their total holdings to 3,076,049 shares, worth approximately $282 million.
Performance and Overview of SPDR Bloomberg 1-3 Month T-Bill ETF
As of Thursday, the SPDR Bloomberg 1-3 Month T-Bill ETF opened at $91.50. The ETF has a 50-day moving average of $91.51 and a 200-day moving average of $91.57. Over the past year, the ETF has reached 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, tracking a market-weighted index of publicly issued zero-coupon U.S. Treasury bills with maturities ranging from one to three months. Launched on May 25, 2007, the ETF is managed by State Street.
Investors looking for updates on the SPDR Bloomberg 1-3 Month T-Bill ETF and its institutional ownership can visit HoldingsChannel.com for the latest 13F filings and insider trades related to this financial vehicle.
