SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 1-Year Low – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price hit a new 52-week low on Thursday . The company traded as low as $28.78 and last traded at $28.7750, with a volume of 65822 shares traded. The stock had previously closed at $28.82.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.2%

The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of -63.98 and a beta of 0.05. The stock has a 50-day moving average price of $28.92 and a 200 day moving average price of $29.03.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of hedge funds have recently bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its holdings in 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 purchasing an additional 3,937,024 shares during the period. State Street Corp raised its stake in shares of SPDR Portfolio Short Term Treasury ETF by 3.9% during the 4th quarter. State Street Corp now owns 13,321,666 shares of the company’s stock worth $390,058,000 after buying an additional 498,279 shares during the period. Proficio Capital Partners LLC raised its stake in shares of SPDR Portfolio Short Term Treasury ETF by 376.4% during the 2nd quarter. Proficio Capital Partners LLC now owns 6,991,445 shares of the company’s stock worth $202,822,000 after buying an additional 5,523,850 shares during the period. Members Trust Co lifted its position in shares of SPDR Portfolio Short Term Treasury ETF by 7.2% during the 1st quarter. Members Trust Co now owns 3,770,589 shares of the company’s stock valued at $110,026,000 after buying an additional 251,965 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 1st quarter valued at approximately $103,133,000.

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.