SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Reaches New 52-Week Low – Time to Sell?

Shares of SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) reached a new 52-week low on Wednesday . The company traded as low as $28.09 and last traded at $28.10, with a volume of 75403 shares traded. The stock had previously closed at $28.12.

SPDR Portfolio Intermediate Term Treasury ETF Price Performance

The stock’s 50-day simple moving average is $28.28 and its 200 day simple moving average is $28.59.

Institutional Trading of SPDR Portfolio Intermediate Term Treasury ETF

A number of institutional investors have recently bought and sold shares of SPTI. Elyxium Wealth LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 4th quarter worth about $27,000. Elevated Capital Advisors LLC purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF in the first quarter valued at approximately $37,000. Franklin Resources Inc. raised its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the second quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after purchasing an additional 449 shares in the last quarter. Smartleaf Asset Management LLC acquired a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the second quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 2nd quarter worth approximately $49,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

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.