SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 1-Year Low – Here’s What Happened

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) hit a new 52-week low during trading on Wednesday . The company traded as low as $28.91 and last traded at $28.91, with a volume of 55036 shares. The stock had previously closed at $29.01.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.3%

The business’s 50-day simple moving average is $29.03 and its two-hundred day simple moving average is $29.16. The company has a market capitalization of $6.00 billion, a PE ratio of -64.31 and a beta of 0.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in SPDR Portfolio Short Term Treasury ETF by 76.2% during the 1st quarter. NewEdge Advisors LLC now owns 34,757 shares of the company’s stock valued at $1,016,000 after purchasing an additional 15,030 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of SPDR Portfolio Short Term Treasury ETF by 2,864.3% in the 1st quarter. Jones Financial Companies Lllp now owns 15,118 shares of the company’s stock valued at $442,000 after purchasing an additional 14,608 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 129.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 236,393 shares of the company’s stock valued at $6,912,000 after buying an additional 133,182 shares during the last quarter. Jane Street Group LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF in the first quarter valued at $1,606,000. Finally, State Street Corp raised its holdings in SPDR Portfolio Short Term Treasury ETF by 3.3% in the second quarter. State Street Corp now owns 12,419,060 shares of the company’s stock valued at $363,754,000 after acquiring an additional 400,533 shares in the last quarter.

About SPDR Portfolio Short Term Treasury ETF

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.