Financial Solutions Advisory Group Inc. Acquires Shares of 3,534,364 SPDR Portfolio Short Term Treasury ETF $SPTS

Financial Solutions Advisory Group Inc. acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,534,364 shares of the company’s stock, valued at approximately $103,133,000. SPDR Portfolio Short Term Treasury ETF comprises about 14.3% of Financial Solutions Advisory Group Inc.’s holdings, making the stock its biggest position. Financial Solutions Advisory Group Inc. owned 1.70% of SPDR Portfolio Short Term Treasury ETF as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in SPTS. Evermay Wealth Management LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF by 5.8% during the fourth quarter. Evermay Wealth Management LLC now owns 2,721,333 shares of the company’s stock worth $79,681,000 after purchasing an additional 149,931 shares in the last quarter. Vavra Capital Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the 4th quarter valued at approximately $1,243,000. Guild Investment Management Inc. purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the 4th quarter valued at approximately $4,538,000. PNC Financial Services Group Inc. boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 14.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 364,566 shares of the company’s stock valued at $10,675,000 after purchasing an additional 44,901 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth approximately $2,832,000.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.1%

Shares of SPTS stock opened at $28.95 on Friday. The company has a market cap of $6.12 billion, a price-to-earnings ratio of -64.37 and a beta of 0.05. The stock has a 50 day simple moving average of $28.96 and a 200-day simple moving average of $29.11. SPDR Portfolio Short Term Treasury ETF has a 12-month low of $28.88 and a 12-month high of $29.40.

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.