Orion Portfolio Solutions LLC has significantly reduced its investment in the SPDR Bloomberg 1-3 Month T-Bill ETF (NYSEARCA:BIL), cutting its holdings by 49.9% in the second quarter of 2023. According to the firm’s recent 13F filing with the Securities and Exchange Commission, Orion now holds 29,477 shares of the ETF after selling 29,347 shares during the quarter. The remaining shares are valued at approximately $2,704,000.
Several other institutional investors have also adjusted their positions in the SPDR Bloomberg ETF recently. Notably, Partners Capital Investment Group LLP increased its stake by 30.1% in the first quarter, acquiring an additional 650,315 shares. Following this transaction, the firm now owns a total of 2,812,458 shares, valued at $257,987,000.
Flow Traders U.S. LLC entered a new position in the ETF during the same period, acquiring shares worth $18,506,000. Additionally, Summit Financial LLC and Resolute Advisors LLC both purchased new positions valued at $443,000 and $214,000 respectively. SVB Wealth LLC also raised its stake by 31.1%, now holding 49,918 shares valued at $4,579,000.
Current Market Performance
As of Friday, shares of the SPDR Bloomberg 1-3 Month T-Bill ETF opened at $91.27. The ETF’s performance has shown stability with a 50-day simple moving average of $91.59 and a 200-day simple moving average of $91.60. Over the past year, the ETF has traded between a low of $91.26 and a high of $91.78.
The SPDR Bloomberg 1-3 Month T-Bill ETF, launched on May 25, 2007, primarily invests in investment-grade fixed income securities. The fund tracks a market-weighted index of publicly issued zero-coupon U.S. Treasury bills with maturities ranging from one month to just under three months. The ETF is managed by State Street.
Investors interested in tracking changes in institutional holdings can refer to platforms like HoldingsChannel.com for the latest 13F filings and insider trades related to the SPDR Bloomberg 1-3 Month T-Bill ETF.
For those seeking more information on market trends, signing up for daily summaries through newsletters can provide insights into the latest news and analysis regarding the ETF and its competitors.
