Municipal Employees Retirement System of Michigan Buys 3,937,024 Shares of SPDR Portfolio Short Term Treasury ETF $SPTS

Municipal Employees Retirement System of Michigan grew its stake in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,879,762 shares of the company’s stock after purchasing an additional 3,937,024 shares during the quarter. SPDR Portfolio Short Term Treasury ETF makes up about 8.6% of Municipal Employees Retirement System of Michigan’s holdings, making the stock its 5th biggest position. Municipal Employees Retirement System of Michigan owned 0.14% of SPDR Portfolio Short Term Treasury ETF worth $757,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nemes Rush Group LLC increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 4.1% in the 3rd quarter. Nemes Rush Group LLC now owns 8,773 shares of the company’s stock valued at $257,000 after acquiring an additional 342 shares during the period. 1620 Investment Advisors Inc. increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 0.3% in the 4th quarter. 1620 Investment Advisors Inc. now owns 105,913 shares of the company’s stock valued at $3,101,000 after acquiring an additional 368 shares during the period. Parallel Advisors LLC increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 6.3% in the 3rd quarter. Parallel Advisors LLC now owns 7,676 shares of the company’s stock valued at $225,000 after acquiring an additional 457 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 8.1% in the 4th quarter. Venturi Wealth Management LLC now owns 7,746 shares of the company’s stock valued at $227,000 after acquiring an additional 579 shares during the period. Finally, Breakwater Investment Management increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 2.2% in the 4th quarter. Breakwater Investment Management now owns 27,022 shares of the company’s stock valued at $791,000 after acquiring an additional 591 shares during the period.

SPDR Portfolio Short Term Treasury ETF Price Performance

Shares of SPDR Portfolio Short Term Treasury ETF stock opened at $29.00 on Friday. The firm’s fifty day simple moving average is $29.11 and its 200-day simple moving average is $29.22. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of -64.48 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a 12 month low of $28.96 and a 12 month high of $29.40.

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.