Fairbanks Capital Management Inc. Increases Stake in SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS)

Fairbanks Capital Management Inc. raised its stake in shares of SPDR Bloomberg 3-12 Month T-Bill ETF (NYSEARCA:BILS) by 399.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,400 shares of the company’s stock after buying an additional 19,510 shares during the quarter. SPDR Bloomberg 3-12 Month T-Bill ETF comprises approximately 1.5% of Fairbanks Capital Management Inc.’s holdings, making the stock its 23rd largest position. Fairbanks Capital Management Inc. owned about 0.09% of SPDR Bloomberg 3-12 Month T-Bill ETF worth $2,240,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Mutual Advisors LLC bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter worth $266,000. Raymond James & Associates lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 62.2% in the fourth quarter. Raymond James & Associates now owns 222,622 shares of the company’s stock worth $22,066,000 after buying an additional 85,395 shares during the last quarter. PFG Investments LLC bought a new stake in SPDR Bloomberg 3-12 Month T-Bill ETF in the fourth quarter worth $201,000. Realta Investment Advisors lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 110.1% in the fourth quarter. Realta Investment Advisors now owns 6,797 shares of the company’s stock worth $674,000 after buying an additional 3,562 shares during the last quarter. Finally, PFG Advisors lifted its position in SPDR Bloomberg 3-12 Month T-Bill ETF by 76.5% in the fourth quarter. PFG Advisors now owns 10,149 shares of the company’s stock worth $1,006,000 after buying an additional 4,399 shares during the last quarter.

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

BILS stock traded up $0.02 during mid-day trading on Tuesday, reaching $99.43. The company had a trading volume of 302,093 shares, compared to its average volume of 316,239. The firm has a 50 day moving average of $99.22 and a 200 day moving average of $99.23. SPDR Bloomberg 3-12 Month T-Bill ETF has a 12 month low of $98.89 and a 12 month high of $99.54.

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.