SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 12-Month Low – Time to Sell?

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $29.06 and last traded at $29.08, with a volume of 1027279 shares changing hands. The stock had previously closed at $29.13.

SPDR Portfolio Short Term Treasury ETF Price Performance

The stock has a 50-day moving average price of $29.26 and a 200-day moving average price of $29.29. The firm has a market capitalization of $5.53 billion, a PE ratio of -64.68 and a beta of 0.05.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.084 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. SPDR Portfolio Short Term Treasury ETF’s dividend payout ratio is presently -255.71%.

Institutional Trading of SPDR Portfolio Short Term Treasury ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nemes Rush Group LLC lifted its stake in SPDR Portfolio Short Term Treasury ETF by 4.1% in the third quarter. Nemes Rush Group LLC now owns 8,773 shares of the company’s stock valued at $257,000 after buying an additional 342 shares during the last quarter. 1620 Investment Advisors Inc. increased its stake in shares of SPDR Portfolio Short Term Treasury ETF by 0.3% in the fourth quarter. 1620 Investment Advisors Inc. now owns 105,913 shares of the company’s stock valued at $3,101,000 after purchasing an additional 368 shares during the period. Clearstead Advisors LLC raised its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 103.6% during the fourth quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after buying an additional 426 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of SPDR Portfolio Short Term Treasury ETF by 6.3% during the third quarter. Parallel Advisors LLC now owns 7,676 shares of the company’s stock worth $225,000 after buying an additional 457 shares during the period. Finally, Venturi Wealth Management LLC boosted its position in shares of SPDR Portfolio Short Term Treasury ETF by 8.1% during the fourth quarter. Venturi Wealth Management LLC now owns 7,746 shares of the company’s stock worth $227,000 after buying an additional 579 shares during the period.

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.