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

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $28.71 and last traded at $28.6950, with a volume of 2744782 shares. The stock had previously closed at $28.72.

SPDR Portfolio Short Term Treasury ETF Price Performance

The company has a market capitalization of $7.19 billion, a P/E ratio of -63.81 and a beta of 0.05. The firm’s 50-day moving average is $28.91 and its 200-day moving average is $29.02.

Institutional Investors Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of hedge funds have recently modified their holdings of the business. Clearstead Advisors LLC raised 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 worth $25,000 after purchasing an additional 426 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $26,000. Manchester Capital Management LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the fourth quarter worth about $36,000. Finally, Allianz Asset Management GmbH bought a new position in shares of SPDR Portfolio Short Term Treasury ETF in the second quarter worth about $46,000.

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.