First Trust Bank Ltd. Purchases New Shares in SPDR Portfolio Short Term Treasury ETF $SPTS

First Trust Bank Ltd. acquired a new stake in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) in the third quarter, Holdings Channel reports. The institutional investor acquired 244,300 shares of the company’s stock, valued at approximately $7,163,000. SPDR Portfolio Short Term Treasury ETF makes up approximately 16.4% of First Trust Bank Ltd.’s investment portfolio, making the stock its 3rd largest position.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its position in shares of SPDR Portfolio Short Term Treasury ETF by 3.3% during the 2nd quarter. State Street Corp now owns 12,419,060 shares of the company’s stock valued at $363,754,000 after acquiring an additional 400,533 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of SPDR Portfolio Short Term Treasury ETF by 0.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,539,655 shares of the company’s stock valued at $162,423,000 after purchasing an additional 23,320 shares in the last quarter. Cerity Partners LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF by 0.5% in the 3rd quarter. Cerity Partners LLC now owns 2,781,660 shares of the company’s stock worth $81,558,000 after purchasing an additional 13,661 shares during the period. Evermay Wealth Management LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF by 11.1% in the 3rd quarter. Evermay Wealth Management LLC now owns 2,571,402 shares of the company’s stock worth $75,394,000 after purchasing an additional 257,507 shares during the period. Finally, Flputnam Investment Management Co. boosted its position in SPDR Portfolio Short Term Treasury ETF by 10.9% during the third quarter. Flputnam Investment Management Co. now owns 2,035,594 shares of the company’s stock worth $59,684,000 after purchasing an additional 199,708 shares in the last quarter.

SPDR Portfolio Short Term Treasury ETF Trading Up 0.0%

Shares of SPTS opened at $29.17 on Monday. SPDR Portfolio Short Term Treasury ETF has a 12 month low of $29.06 and a 12 month high of $29.40. The stock’s 50 day moving average is $29.28 and its two-hundred day moving average is $29.29. The firm has a market cap of $5.54 billion, a P/E ratio of -64.86 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.084 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio (DPR) is -255.71%.

SPDR Portfolio Short Term Treasury ETF 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.