SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Hits New 52-Week Low – What’s Next?

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 $28.20 and last traded at $28.22, with a volume of 566155 shares trading hands. The stock had previously closed at $28.22.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

The business has a 50 day moving average of $28.61 and a two-hundred day moving average of $28.80.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Large investors have recently modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 73.3% during the first quarter. Jones Financial Companies Lllp now owns 28,098 shares of the company’s stock worth $803,000 after buying an additional 11,885 shares during the last quarter. Franklin Resources Inc. increased its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the second quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock worth $37,000 after acquiring an additional 449 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 2nd quarter worth about $1,445,000. Cerity Partners LLC raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 95.7% in the 2nd quarter. Cerity Partners LLC now owns 32,699 shares of the company’s stock worth $938,000 after acquiring an additional 15,992 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of SPDR Portfolio Intermediate Term Treasury ETF by 72.9% in the 2nd quarter. State Street Corp now owns 5,724,495 shares of the company’s stock worth $164,694,000 after acquiring an additional 2,412,823 shares during the last quarter.

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.