SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 12-Month Low – Time to Sell?

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $29.05 and last traded at $29.05, with a volume of 18404 shares trading hands. The stock had previously closed at $29.13.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The company has a 50-day moving average of $29.18 and a 200-day moving average of $29.25. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of -64.62 and a beta of 0.05.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan boosted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 17.9% in 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 acquiring an additional 3,937,024 shares in the last quarter. State Street Corp raised its holdings in SPDR Portfolio Short Term Treasury ETF by 3.9% during the fourth quarter. State Street Corp now owns 13,321,666 shares of the company’s stock worth $390,058,000 after purchasing an additional 498,279 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Short Term Treasury ETF by 0.4% in the third 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 during the period. Members Trust Co lifted its position in SPDR Portfolio Short Term Treasury ETF by 2.0% in the fourth quarter. Members Trust Co now owns 3,518,624 shares of the company’s stock valued at $103,025,000 after purchasing an additional 68,056 shares during the period. Finally, Cerity Partners LLC boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 9.6% in the 4th quarter. Cerity Partners LLC now owns 3,048,181 shares of the company’s stock valued at $89,251,000 after purchasing an additional 266,521 shares in the last quarter.

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.