SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 52-Week Low – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $28.82 and last traded at $28.82, with a volume of 70238 shares changing hands. The stock had previously closed at $28.93.

SPDR Portfolio Short Term Treasury ETF Stock Down 0.3%

The firm has a market cap of $6.09 billion, a price-to-earnings ratio of -64.11 and a beta of 0.05. The business has a 50 day moving average of $28.95 and a 200 day moving average of $29.06.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan grew its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 17.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 25,879,762 shares of the company’s stock worth $757,760,000 after buying an additional 3,937,024 shares in the last quarter. State Street Corp raised its position in shares of SPDR Portfolio Short Term Treasury ETF by 3.9% in the fourth quarter. State Street Corp now owns 13,321,666 shares of the company’s stock valued at $390,058,000 after buying an additional 498,279 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 376.4% during the second quarter. Proficio Capital Partners LLC now owns 6,991,445 shares of the company’s stock valued at $202,822,000 after buying an additional 5,523,850 shares during the period. Members Trust Co lifted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 7.2% during the first quarter. Members Trust Co now owns 3,770,589 shares of the company’s stock valued at $110,026,000 after buying an additional 251,965 shares during the period. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the first quarter worth approximately $103,133,000.

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.