SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 1-Year High – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $29.39 and last traded at $29.3850, with a volume of 301370 shares changing hands. The stock had previously closed at $29.35.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The business’s 50 day moving average price is $29.28 and its 200-day moving average price is $29.29. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of -65.34 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.1017 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%. This is a boost from SPDR Portfolio Short Term Treasury ETF’s previous monthly dividend of $0.09. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio (DPR) is -257.94%.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Tripletail Wealth Management LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 3rd quarter worth about $25,000. Addison Advisors LLC lifted its stake in SPDR Portfolio Short Term Treasury ETF by 450.0% in the third quarter. Addison Advisors LLC now owns 858 shares of the company’s stock valued at $25,000 after buying an additional 702 shares during the last quarter. Clearstead Advisors LLC boosted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 103.6% during the fourth quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares during the period. Private Wealth Asset Management LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter worth about $26,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth about $27,000.

SPDR Portfolio Short Term Treasury ETF Company Profile

The SPDR Portfolio Short Term Treasury ETF (SPTS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasurys with remaining maturities between 1-3 years. SPTS was launched on Nov 30, 2011 and is managed by State Street.