SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 1-Year Low – Should You Sell?

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) hit a new 52-week low on Tuesday . The company traded as low as $28.69 and last traded at $28.6950, with a volume of 679577 shares changing hands. The stock had previously closed at $28.71.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The business has a 50-day moving average price of $28.88 and a 200 day moving average price of $28.99. The stock has a market capitalization of $7.47 billion, a P/E ratio of -63.71 and a beta of 0.05.

Institutional Trading of SPDR Portfolio Short Term Treasury ETF

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of SPDR Portfolio Short Term Treasury ETF by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,091,698 shares of the company’s stock valued at $176,720,000 after acquiring an additional 371,785 shares during the period. State Street Corp grew its holdings in SPDR Portfolio Short Term Treasury ETF by 9.0% during the 2nd quarter. State Street Corp now owns 13,899,161 shares of the company’s stock valued at $403,215,000 after buying an additional 1,149,612 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in SPDR Portfolio Short Term Treasury ETF by 4.8% during the second quarter. Integrated Wealth Concepts LLC now owns 315,007 shares of the company’s stock valued at $9,138,000 after purchasing an additional 14,503 shares during the last quarter. XY Planning Network Inc. lifted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 1.9% in the 2nd quarter. XY Planning Network Inc. now owns 28,884 shares of the company’s stock valued at $838,000 after acquiring an additional 536 shares during the last quarter. Finally, Waverly Advisors LLC increased its stake in SPDR Portfolio Short Term Treasury ETF by 4.5% during the second quarter. Waverly Advisors LLC now owns 257,034 shares of the company’s stock worth $7,457,000 after acquiring an additional 11,043 shares during the last quarter.

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.