SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 52-Week Low – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $28.82 and last traded at $28.82, with a volume of 70238 shares traded. The stock had previously closed at $28.93.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.3%

The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of -64.11 and a beta of 0.05. The stock’s 50 day moving average is $28.95 and its 200 day moving average is $29.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. 1620 Investment Advisors Inc. lifted its stake in SPDR Portfolio Short Term Treasury ETF by 0.3% in the 4th quarter. 1620 Investment Advisors Inc. now owns 105,913 shares of the company’s stock valued at $3,101,000 after buying an additional 368 shares in the last quarter. Winch Advisory Services LLC grew its holdings in SPDR Portfolio Short Term Treasury ETF by 1.6% during the 1st quarter. Winch Advisory Services LLC now owns 25,667 shares of the company’s stock valued at $749,000 after buying an additional 410 shares during the last quarter. Clearstead Advisors LLC grew its holdings in SPDR Portfolio Short Term Treasury ETF by 103.6% during the 4th quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after buying an additional 426 shares during the last quarter. Parallel Advisors LLC increased its position in SPDR Portfolio Short Term Treasury ETF by 6.3% during the third quarter. Parallel Advisors LLC now owns 7,676 shares of the company’s stock worth $225,000 after buying an additional 457 shares in the last quarter. Finally, Brown Financial Advisors increased its position in SPDR Portfolio Short Term Treasury ETF by 2.8% during the second quarter. Brown Financial Advisors now owns 19,921 shares of the company’s stock worth $578,000 after buying an additional 539 shares in the last quarter.

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.