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

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $27.59 and last traded at $27.58, with a volume of 1982794 shares. The stock had previously closed at $27.61.

SPDR Portfolio Intermediate Term Treasury ETF Trading Down 0.1%

The company has a fifty day moving average of $28.07 and a two-hundred day moving average of $28.37.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Several institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its position in SPDR Portfolio Intermediate Term Treasury ETF by 108.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 1,054,763 shares of the company’s stock worth $29,945,000 after purchasing an additional 547,584 shares during the period. NewEdge Advisors LLC grew its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 2.4% during the second quarter. NewEdge Advisors LLC now owns 68,971 shares of the company’s stock valued at $1,958,000 after buying an additional 1,586 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 166.7% in the second quarter. IFP Advisors Inc now owns 179,956 shares of the company’s stock worth $5,109,000 after buying an additional 112,481 shares during the period. Baird Financial Group Inc. lifted its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 49.1% during the 2nd quarter. Baird Financial Group Inc. now owns 161,076 shares of the company’s stock worth $4,573,000 after acquiring an additional 53,032 shares during the last quarter. Finally, XY Planning Network Inc. boosted its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 10.8% during the 2nd quarter. XY Planning Network Inc. now owns 251,997 shares of the company’s stock valued at $7,154,000 after acquiring an additional 24,574 shares during the period.

About SPDR Portfolio Intermediate Term Treasury ETF

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.