SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) Hits New 1-Year Low – Here’s What Happened

SPDR Portfolio Long Term Treasury ETF (NYSEARCA:SPTL) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $24.58 and last traded at $24.5850, with a volume of 6040259 shares. The stock had previously closed at $24.94.

SPDR Portfolio Long Term Treasury ETF Stock Performance

The company has a 50-day moving average of $25.17 and a 200-day moving average of $25.78.

Institutional Trading of SPDR Portfolio Long Term Treasury ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPTL. State Street Corp boosted its holdings in shares of SPDR Portfolio Long Term Treasury ETF by 13.0% in the 2nd quarter. State Street Corp now owns 77,418,976 shares of the company’s stock valued at $2,030,700,000 after buying an additional 8,901,340 shares during the period. Bank of America Corp DE lifted its holdings in SPDR Portfolio Long Term Treasury ETF by 52.0% in the first quarter. Bank of America Corp DE now owns 14,599,817 shares of the company’s stock worth $383,975,000 after acquiring an additional 4,995,927 shares during the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio Long Term Treasury ETF by 22.3% in the fourth quarter. LPL Financial LLC now owns 12,110,309 shares of the company’s stock valued at $320,560,000 after acquiring an additional 2,205,261 shares during the period. Assetmark Inc. boosted its stake in SPDR Portfolio Long Term Treasury ETF by 0.6% in the first quarter. Assetmark Inc. now owns 5,830,936 shares of the company’s stock valued at $153,354,000 after acquiring an additional 34,452 shares during the period. Finally, Avantax Planning Partners Inc. grew its holdings in shares of SPDR Portfolio Long Term Treasury ETF by 2.9% during the first quarter. Avantax Planning Partners Inc. now owns 4,314,262 shares of the company’s stock valued at $113,465,000 after purchasing an additional 123,156 shares during the last quarter.

SPDR Portfolio Long Term Treasury ETF Company Profile

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.