Independence Wealth Advisors LLC Makes New Investment in SPDR Portfolio Short Term Treasury ETF $SPTS

Independence Wealth Advisors LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 97,297 shares of the company’s stock, valued at approximately $2,849,000. SPDR Portfolio Short Term Treasury ETF makes up 1.6% of Independence Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest position.

Other hedge funds also recently made changes to their positions in the company. Tripletail Wealth Management LLC acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 3rd quarter worth approximately $25,000. Addison Advisors LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 450.0% during the 3rd quarter. Addison Advisors LLC now owns 858 shares of the company’s stock valued at $25,000 after purchasing an additional 702 shares during the last quarter. Advisory Services Network LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the 3rd quarter valued at $41,000. Pinnacle Bancorp Inc. boosted its position in SPDR Portfolio Short Term Treasury ETF by 57.5% during the third quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock worth $50,000 after purchasing an additional 624 shares during the period. Finally, Versant Capital Management Inc acquired a new position in shares of SPDR Portfolio Short Term Treasury ETF in the third quarter valued at $51,000.

SPDR Portfolio Short Term Treasury ETF Price Performance

Shares of SPTS opened at $29.10 on Monday. The firm has a market capitalization of $5.53 billion, a PE ratio of -64.71 and a beta of 0.05. The company’s 50-day moving average is $29.27 and its 200-day moving average is $29.29. SPDR Portfolio Short Term Treasury ETF has a fifty-two week low of $29.06 and a fifty-two week high of $29.40.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.084 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio is currently -255.71%.

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.