SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 1-Year Low – Time to Sell?

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) hit a new 52-week low on Thursday . The company traded as low as $28.88 and last traded at $28.89, with a volume of 53450 shares. The stock had previously closed at $28.90.

SPDR Portfolio Short Term Treasury ETF Price Performance

The stock has a market cap of $6.06 billion, a price-to-earnings ratio of -64.24 and a beta of 0.05. The company’s fifty day moving average price is $28.97 and its 200-day moving average price is $29.12.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPTS. Clearstead Advisors LLC grew its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 103.6% during the fourth quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after buying an additional 426 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth $25,000. Private Wealth Asset Management LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF in the 4th quarter worth $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the 4th quarter worth about $27,000. Finally, Manchester Capital Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF during the 4th quarter valued at about $36,000.

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.