SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Hits New 52-Week Low – Should You Sell?

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) reached a new 52-week low on Monday . The company traded as low as $27.52 and last traded at $27.5850, with a volume of 2162201 shares traded. The stock had previously closed at $27.53.

SPDR Portfolio Intermediate Term Treasury ETF Trading Up 0.2%

The company has a fifty day moving average of $28.01 and a 200-day moving average of $28.32.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Wealth Management LLC bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 1st quarter valued at $2,309,000. Impact Partnership Wealth LLC lifted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 6.7% in the 1st quarter. Impact Partnership Wealth LLC now owns 868,583 shares of the company’s stock valued at $24,894,000 after purchasing an additional 54,167 shares during the last quarter. Certified Advisory Corp boosted its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 8.2% in the first quarter. Certified Advisory Corp now owns 491,720 shares of the company’s stock worth $14,093,000 after purchasing an additional 37,115 shares in the last quarter. Zinnia Wealth Advisory LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF in the fourth quarter worth $2,648,000. Finally, Verus Capital Partners LLC increased its position in SPDR Portfolio Intermediate Term Treasury ETF by 130.0% during the first quarter. Verus Capital Partners LLC now owns 199,291 shares of the company’s stock worth $5,712,000 after buying an additional 112,627 shares during the last quarter.

About SPDR Portfolio Intermediate Term Treasury ETF

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of US Treasurys with remaining maturities between 3-10 years. SPTI was launched on May 23, 2007 and is managed by State Street.