Modern Wealth Management LLC Boosts Stock Position in SPDR Portfolio Short Term Treasury ETF $SPTS

Modern Wealth Management LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 12.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,065,619 shares of the company’s stock after purchasing an additional 233,480 shares during the period. SPDR Portfolio Short Term Treasury ETF comprises approximately 1.0% of Modern Wealth Management LLC’s holdings, making the stock its 21st largest holding. Modern Wealth Management LLC’s holdings in SPDR Portfolio Short Term Treasury ETF were worth $60,089,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clearstead Advisors LLC raised its holdings in 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 valued at $25,000 after acquiring an additional 426 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in SPDR Portfolio Short Term Treasury ETF during the 4th quarter valued at $25,000. Private Wealth Asset Management LLC acquired a new position in SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth $27,000. Finally, Manchester Capital Management LLC bought a new stake in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth about $36,000.

SPDR Portfolio Short Term Treasury ETF Stock Performance

SPTS opened at $28.88 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of -64.22 and a beta of 0.05. The company has a 50-day moving average of $28.97 and a 200-day moving average of $29.12. SPDR Portfolio Short Term Treasury ETF has a 1-year low of $28.88 and a 1-year high of $29.40.

SPDR Portfolio Short Term Treasury ETF 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.