SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 12-Month Low – Should You Sell?

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $28.89 and last traded at $28.89, with a volume of 686677 shares changing hands. The stock had previously closed at $28.92.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The business has a 50-day simple moving average of $28.99 and a 200 day simple moving average of $29.14. The firm has a market cap of $6.06 billion, a P/E ratio of -64.24 and a beta of 0.05.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Hedge funds have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan raised 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 valued at $757,760,000 after acquiring an additional 3,937,024 shares in the last quarter. Financial Solutions Advisory Group Inc. bought a new stake in SPDR Portfolio Short Term Treasury ETF in the first quarter valued at $103,133,000. Bank of Nova Scotia boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 110.6% in the first quarter. Bank of Nova Scotia now owns 2,441,533 shares of the company’s stock valued at $71,276,000 after acquiring an additional 1,282,090 shares in the last quarter. Independence Wealth Advisors LLC increased its position in SPDR Portfolio Short Term Treasury ETF by 1,084.0% during the 1st quarter. Independence Wealth Advisors LLC now owns 1,151,974 shares of the company’s stock valued at $33,615,000 after purchasing an additional 1,054,677 shares during the period. Finally, Quent Long Short Global Small Cap Fund LP purchased a new position in SPDR Portfolio Short Term Treasury ETF during the 4th quarter valued at $29,859,000.

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.