SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $28.76 and traded as high as $28.78. SPDR Portfolio Short Term Treasury ETF shares last traded at $28.77, with a volume of 1,202,381 shares trading hands.

SPDR Portfolio Short Term Treasury ETF Price Performance

The stock’s fifty day moving average is $28.76 and its 200-day moving average is $29.01. The stock has a market capitalization of $7.25 billion, a PE ratio of -63.97 and a beta of 0.05.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Proficio Capital Partners LLC grew its stake in SPDR Portfolio Short Term Treasury ETF by 376.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 6,991,445 shares of the company’s stock valued at $202,822,000 after acquiring an additional 5,523,850 shares in the last quarter. Financial Solutions Advisory Group Inc. acquired a new stake in SPDR Portfolio Short Term Treasury ETF in the 1st quarter valued at about $103,133,000. Bank of Nova Scotia raised its holdings in SPDR Portfolio Short Term Treasury ETF by 110.6% in the 1st 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 during the last quarter. State Street Corp lifted its stake in SPDR Portfolio Short Term Treasury ETF by 9.0% in the 2nd quarter. State Street Corp now owns 13,899,161 shares of the company’s stock worth $403,215,000 after purchasing an additional 1,149,612 shares in the last quarter. Finally, Park Avenue Securities LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF in the 3rd quarter worth approximately $25,694,000.

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.