SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Reaches New 52-Week Low – Time to Sell?

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI – Get Free Report) hit a new 52-week low during mid-day trading on Monday. The company traded as low as $27.29 and last traded at $27.3150, with a volume of 21870 shares traded. The stock had previously closed at $27.40.

SPDR Portfolio Intermediate Term Treasury ETF Trading Down 0.5%

The business has a 50-day moving average price of $27.94 and a two-hundred day moving average price of $28.26.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of hedge funds have recently added to or reduced their stakes in SPTI. Elevated Capital Advisors LLC bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the 1st quarter valued at $37,000. Manchester Capital Management LLC purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF in the fourth quarter valued at about $50,000. Allworth Financial LP lifted its stake in SPDR Portfolio Intermediate Term Treasury ETF by 18.5% in the second quarter. Allworth Financial LP now owns 6,463 shares of the company’s stock valued at $183,000 after acquiring an additional 1,007 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in SPDR Portfolio Intermediate Term Treasury ETF in the second quarter worth $209,000. Finally, OneAscent Financial Services LLC acquired a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 4th quarter valued at about $219,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

(Get Free Report)

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.

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