Manhattan West Asset Management LLC Boosts Stock Position in SPDR Portfolio Short Term Treasury ETF $SPTS

Manhattan West Asset Management LLC grew its position in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 318,120 shares of the company’s stock after acquiring an additional 17,208 shares during the period. SPDR Portfolio Short Term Treasury ETF accounts for approximately 2.0% of Manhattan West Asset Management LLC’s holdings, making the stock its 15th largest holding. Manhattan West Asset Management LLC’s holdings in SPDR Portfolio Short Term Treasury ETF were worth $9,327,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Tripletail Wealth Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the third quarter worth approximately $25,000. Addison Advisors LLC boosted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 450.0% in the 3rd quarter. Addison Advisors LLC now owns 858 shares of the company’s stock valued at $25,000 after purchasing an additional 702 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 3rd quarter valued at $41,000. Pinnacle Bancorp Inc. raised its position in SPDR Portfolio Short Term Treasury ETF by 57.5% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock worth $50,000 after purchasing an additional 624 shares during the period. Finally, Versant Capital Management Inc purchased a new position in SPDR Portfolio Short Term Treasury ETF in the 3rd quarter worth $51,000.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.1%

NYSEARCA SPTS opened at $29.21 on Wednesday. The company has a 50-day simple moving average of $29.27 and a two-hundred day simple moving average of $29.29. SPDR Portfolio Short Term Treasury ETF has a 12-month low of $29.06 and a 12-month high of $29.40. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of -64.95 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.084 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.5%. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio is currently -255.71%.

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.