SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Strong Trading Volume – What’s Next?

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) shares saw unusually-strong trading volume on Wednesday . Approximately 13,570,529 shares were traded during trading, an increase of 704% from the previous session’s volume of 1,687,758 shares.The stock last traded at $28.7750 and had previously closed at $28.79.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

The business has a 50-day moving average of $28.88 and a two-hundred day moving average of $28.85.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boyd Wealth Management LLC raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 45.7% in the 4th quarter. Boyd Wealth Management LLC now owns 20,127 shares of the company’s stock worth $580,000 after buying an additional 6,315 shares in the last quarter. Cranbrook Wealth Management LLC increased its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 3.4% during the 4th quarter. Cranbrook Wealth Management LLC now owns 60,258 shares of the company’s stock worth $1,738,000 after purchasing an additional 1,962 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 39.7% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 199,019 shares of the company’s stock worth $5,740,000 after purchasing an additional 56,519 shares in the last quarter. Clark Asset Management LLC boosted its position in SPDR Portfolio Intermediate Term Treasury ETF by 15.1% in the fourth quarter. Clark Asset Management LLC now owns 12,665 shares of the company’s stock valued at $365,000 after buying an additional 1,666 shares in the last quarter. Finally, First Horizon Corp boosted its position in SPDR Portfolio Intermediate Term Treasury ETF by 101.3% in the fourth quarter. First Horizon Corp now owns 13,813 shares of the company’s stock valued at $398,000 after buying an additional 6,950 shares in the last quarter.

About SPDR Portfolio Intermediate Term Treasury ETF

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.