SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Hits New 1-Year Low – Time to Sell?

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL)’s stock price hit a new 52-week low on Thursday . The company traded as low as $25.18 and last traded at $25.19, with a volume of 1760773 shares changing hands. The stock had previously closed at $25.26.

SPDR Portfolio Long Term Treasury ETF Trading Down 0.7%

The company’s 50-day moving average is $25.86 and its 200-day moving average is $26.23.

Hedge Funds Weigh In On SPDR Portfolio Long Term Treasury ETF

Large investors have recently modified their holdings of the stock. State Street Corp lifted its position in SPDR Portfolio Long Term Treasury ETF by 13.9% during the 4th quarter. State Street Corp now owns 73,137,670 shares of the company’s stock valued at $1,935,954,000 after purchasing an additional 8,902,135 shares during the period. Financial Engines Advisors L.L.C. grew its position in shares of SPDR Portfolio Long Term Treasury ETF by 3.9% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 54,239,978 shares of the company’s stock worth $1,435,732,000 after buying an additional 2,027,723 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of SPDR Portfolio Long Term Treasury ETF by 21.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 15,397,326 shares of the company’s stock worth $407,567,000 after buying an additional 2,767,751 shares during the last quarter. Bank of America Corp DE raised its stake in shares of SPDR Portfolio Long Term Treasury ETF by 52.0% during the first quarter. Bank of America Corp DE now owns 14,599,817 shares of the company’s stock worth $383,975,000 after buying an additional 4,995,927 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of SPDR Portfolio Long Term Treasury ETF by 22.3% during the fourth quarter. LPL Financial LLC now owns 12,110,309 shares of the company’s stock worth $320,560,000 after buying an additional 2,205,261 shares during the last quarter.

About SPDR Portfolio Long Term Treasury ETF

SPDR Barclays Long Term Treasury ETF (the Fund), formerly SPDR Barclays Capital Long Term Treasury ETF, seeks to provide investment results that corresponds to the price and yield performance of the Barclays Capital Long U.S. Treasury Index (the Index). The Index includes all publicly issued, United States treasury securities that have a remaining maturity of 10 or more years, are rated investment grade, and have $250 million or more of outstanding face value. In addition, the securities must be denominated in United States dollars and must be fixed rate and non convertible.