SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) saw an uptick in trading volume on Tuesday. 10,523,602 shares traded hands during mid-day trading, an increase of 451% from the previous session’s volume of 1,910,544 shares. The stock last traded at $28.6650 and had previously closed at $28.64.

SPDR Portfolio Short Term Treasury ETF Price Performance

The company’s 50-day simple moving average is $28.85 and its 200-day simple moving average is $28.97. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of -63.56 and a beta of 0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPTS. Envestnet Asset Management Inc. lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 6,091,698 shares of the company’s stock valued at $176,720,000 after buying an additional 371,785 shares during the period. State Street Corp raised its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 9.0% during the second quarter. State Street Corp now owns 13,899,161 shares of the company’s stock valued at $403,215,000 after purchasing an additional 1,149,612 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of SPDR Portfolio Short Term Treasury ETF by 4.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 315,007 shares of the company’s stock valued at $9,138,000 after buying an additional 14,503 shares during the period. XY Planning Network Inc. increased its position in SPDR Portfolio Short Term Treasury ETF by 1.9% in the 2nd quarter. XY Planning Network Inc. now owns 28,884 shares of the company’s stock valued at $838,000 after buying an additional 536 shares in the last quarter. Finally, Waverly Advisors LLC raised its stake in SPDR Portfolio Short Term Treasury ETF by 4.5% during the 2nd quarter. Waverly Advisors LLC now owns 257,034 shares of the company’s stock worth $7,457,000 after buying an additional 11,043 shares during the period.

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.