SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Large Volume Increase – Should You Buy?

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) shares saw strong trading volume on Wednesday . 13,570,529 shares were traded during mid-day 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 Trading Down 0.0%

The stock has a fifty day moving average of $28.88 and a two-hundred day moving average of $28.85.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tripletail Wealth Management LLC bought a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the third quarter valued at approximately $25,000. Caitlin John LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 3rd quarter worth approximately $27,000. Franklin Resources Inc. raised its stake in shares of 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 buying an additional 449 shares during the last quarter. Financial Consulate Inc. acquired a new position in SPDR Portfolio Intermediate Term Treasury ETF in the third quarter valued at approximately $38,000. Finally, Addison Advisors LLC bought a new position in SPDR Portfolio Intermediate Term Treasury ETF in the third quarter valued at approximately $39,000.

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.