SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 1-Year Low – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) shares hit a new 52-week low on Thursday . The stock traded as low as $28.78 and last traded at $28.7750, with a volume of 65822 shares traded. The stock had previously closed at $28.82.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The firm has a market cap of $6.08 billion, a PE ratio of -63.98 and a beta of 0.05. The stock has a 50 day simple moving average of $28.92 and a two-hundred day simple moving average of $29.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake in shares of SPDR Portfolio Short Term Treasury ETF by 14.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 364,566 shares of the company’s stock worth $10,675,000 after purchasing an additional 44,901 shares during the period. Strategic Financial Concepts LLC acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 4th quarter valued at $2,832,000. Commonwealth Equity Services LLC boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 19.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 114,901 shares of the company’s stock worth $3,364,000 after buying an additional 18,947 shares in the last quarter. Portland Global Advisors LLC boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 9.7% during the fourth quarter. Portland Global Advisors LLC now owns 1,643,042 shares of the company’s stock worth $48,108,000 after buying an additional 144,936 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in SPDR Portfolio Short Term Treasury ETF by 17.9% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 25,879,762 shares of the company’s stock valued at $757,760,000 after buying an additional 3,937,024 shares during the period.

SPDR Portfolio Short Term Treasury ETF Company Profile

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.