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

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) reached a new 52-week low on Monday . The stock traded as low as $28.87 and last traded at $28.88, with a volume of 38024 shares. The stock had previously closed at $28.95.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The firm has a market capitalization of $6.10 billion, a PE ratio of -64.19 and a beta of 0.05. The business’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $29.11.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Several institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC increased its holdings in SPDR Portfolio Short Term Treasury ETF by 103.6% in the 4th quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $27,000. Finally, Manchester Capital Management LLC bought a new stake in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $36,000.

About SPDR Portfolio Short Term Treasury ETF

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.