SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Unusually-High Trading Volume – Here’s Why

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw unusually-strong trading volume on Monday . Approximately 7,516,622 shares were traded during mid-day trading, an increase of 297% from the previous session’s volume of 1,893,510 shares.The stock last traded at $28.72 and had previously closed at $28.85.

SPDR Portfolio Intermediate Term Treasury ETF Price Performance

The company’s 50 day simple moving average is $28.32 and its 200 day simple moving average is $28.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 13.3% in the 4th quarter. Ameriprise Financial Inc. now owns 7,554,391 shares of the company’s stock valued at $210,677,000 after buying an additional 885,100 shares during the period. Portland Global Advisors LLC lifted its stake in SPDR Portfolio Intermediate Term Treasury ETF by 17.4% in the fourth quarter. Portland Global Advisors LLC now owns 1,219,842 shares of the company’s stock worth $34,009,000 after acquiring an additional 181,156 shares during the last quarter. Headland Capital LLC acquired a new position in SPDR Portfolio Intermediate Term Treasury ETF during the 4th quarter worth approximately $12,294,000. Salomon & Ludwin LLC increased its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 3.8% in the 4th quarter. Salomon & Ludwin LLC now owns 350,971 shares of the company’s stock valued at $9,785,000 after purchasing an additional 12,714 shares during the last quarter. Finally, Eldridge Investment Advisors Inc. raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 14.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 301,975 shares of the company’s stock valued at $8,419,000 after purchasing an additional 38,502 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.