SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 1-Year Low – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s stock price reached a new 52-week low on Friday . The stock traded as low as $28.92 and last traded at $28.92, with a volume of 249066 shares traded. The stock had previously closed at $28.97.

SPDR Portfolio Short Term Treasury ETF Price Performance

The company’s 50 day moving average price is $29.08 and its two-hundred day moving average price is $29.20. The stock has a market capitalization of $6.00 billion, a PE ratio of -64.31 and a beta of 0.05.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Addison Advisors LLC lifted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 450.0% in the third quarter. Addison Advisors LLC now owns 858 shares of the company’s stock worth $25,000 after buying an additional 702 shares in the last quarter. Clearstead Advisors LLC lifted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 103.6% in the fourth quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $25,000. Private Wealth Asset Management LLC purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $26,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $27,000.

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.