Synovus Financial Corp Cuts Stock Position in SPDR Portfolio Short Term Treasury ETF $SPTS

Synovus Financial Corp trimmed its holdings in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 7.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 213,384 shares of the company’s stock after selling 17,380 shares during the period. Synovus Financial Corp’s holdings in SPDR Portfolio Short Term Treasury ETF were worth $6,257,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Tripletail Wealth Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the 3rd quarter worth $25,000. Addison Advisors LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 450.0% during the third quarter. Addison Advisors LLC now owns 858 shares of the company’s stock valued at $25,000 after purchasing an additional 702 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of SPDR Portfolio Short Term Treasury ETF by 57.5% in the third quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock valued at $50,000 after purchasing an additional 624 shares during the period. Versant Capital Management Inc purchased a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the third quarter worth about $51,000. Finally, Fifth Third Bancorp purchased a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the third quarter worth about $97,000.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.1%

SPTS opened at $29.33 on Friday. SPDR Portfolio Short Term Treasury ETF has a twelve month low of $29.02 and a twelve month high of $29.39. The company has a market cap of $5.57 billion, a PE ratio of -65.21 and a beta of 0.05. The company has a 50-day moving average price of $29.28 and a 200 day moving average price of $29.29.

SPDR Portfolio Short Term Treasury ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1017 per share. The ex-dividend date was Monday, February 2nd. This is a positive change from SPDR Portfolio Short Term Treasury ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a dividend yield of 4.2%. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio (DPR) is presently -257.94%.

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.