SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Shares Cross Below 50 Day Moving Average – Here’s Why

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $28.73 and traded as low as $28.70. SPDR Portfolio Short Term Treasury ETF shares last traded at $28.71, with a volume of 1,679,581 shares.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The firm has a market cap of $7.36 billion, a P/E ratio of -63.84 and a beta of 0.05. The firm’s fifty day moving average is $28.73 and its 200 day moving average is $28.99.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

Institutional investors have recently made changes to their positions in the company. Private Advisor Group LLC grew its position in shares of SPDR Portfolio Short Term Treasury ETF by 10.5% in the third quarter. Private Advisor Group LLC now owns 700,251 shares of the company’s stock valued at $20,076,000 after purchasing an additional 66,661 shares during the last quarter. Composition Wealth LLC increased its stake in shares of SPDR Portfolio Short Term Treasury ETF by 3.5% during the third quarter. Composition Wealth LLC now owns 592,934 shares of the company’s stock worth $16,999,000 after purchasing an additional 19,891 shares during the period. Global Retirement Partners LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 43.5% during the 3rd quarter. Global Retirement Partners LLC now owns 16,267 shares of the company’s stock worth $466,000 after purchasing an additional 4,935 shares during the last quarter. M. Kulyk & Associates LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 43.2% during the 3rd quarter. M. Kulyk & Associates LLC now owns 23,176 shares of the company’s stock worth $664,000 after purchasing an additional 6,992 shares during the last quarter. Finally, Troutman Wealth Management LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 3.3% during the 3rd quarter. Troutman Wealth Management LLC now owns 205,903 shares of the company’s stock worth $5,903,000 after purchasing an additional 6,568 shares during 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.