Fifth Third Securities Inc. has reduced its holdings in the SPDR Bloomberg International Treasury Bond ETF (NYSEARCA: BWX) by 28.1% during the second quarter of 2023. According to a report from Holdings Channel, the firm now owns 19,101 shares after selling 7,451 shares in the recent quarter. As of its latest filing with the Securities and Exchange Commission (SEC), Fifth Third Securities’ stake in the ETF is valued at approximately $449,000.
Multiple institutional investors and hedge funds have also adjusted their positions in the SPDR Bloomberg International Treasury Bond ETF recently. For instance, Baron Financial Group LLC increased its stake by 4.7% during the second quarter, acquiring an additional 5,070 shares to reach a total of 112,126 shares, valued at $2,634,000. Another firm, RPg Family Wealth Advisory LLC, raised its stake by 1.9% in the first quarter, bringing its total to 350,163 shares worth $7,655,000 after adding 6,447 shares.
Furthermore, Wealth Enhancement Advisory Services LLC and Fiduciary Financial Group LLC both established new positions in the ETF, valued at approximately $227,000 and $253,000 respectively. Additionally, Worth Asset Management LLC also entered the market with a new position valued around $738,000. Currently, institutional investors hold approximately 73.32% of the ETF’s shares.
Current Market Performance
As of Wednesday, the SPDR Bloomberg International Treasury Bond ETF opened at $23.00, reflecting a slight increase of 0.1%. The ETF’s 50-day moving average stands at $22.97, while the two-hundred-day moving average is $22.84. Over the past year, the ETF has recorded a low of $20.89 and a high of $23.55.
The SPDR Bloomberg International Treasury Bond ETF aims to provide investment results that correspond closely to the performance of the Barclays Capital Global Treasury Ex-US Capped Index. This index comprises government bonds issued by investment-grade countries outside the United States, denominated in local currencies, with a remaining maturity of one year or more and rated investment grade.
For those interested in tracking institutional investment activities in the SPDR Bloomberg International Treasury Bond ETF, updates can be found on HoldingsChannel.com, which provides the latest 13F filings and insider trades related to the ETF.
This strategic reallocation by Fifth Third Securities Inc. and other institutional players indicates ongoing shifts in investor sentiment towards international treasury bonds, highlighting the dynamic nature of the current financial landscape.
