SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 12-Month Low – Here’s Why

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) reached a new 52-week low during trading on Thursday. The company traded as low as $28.58 and last traded at $28.5850, with a volume of 50813 shares. The stock had previously closed at $28.67.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.2%

The stock’s fifty day moving average price is $28.85 and its 200 day moving average price is $28.97. The stock has a market cap of $7.42 billion, a P/E ratio of -63.61 and a beta of 0.05.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in SPDR Portfolio Short Term Treasury ETF by 9.0% during the second quarter. State Street Corp now owns 13,899,161 shares of the company’s stock valued at $403,215,000 after purchasing an additional 1,149,612 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 376.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 6,991,445 shares of the company’s stock worth $202,822,000 after purchasing an additional 5,523,850 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR Portfolio Short Term Treasury ETF by 6.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,091,698 shares of the company’s stock valued at $176,720,000 after purchasing an additional 371,785 shares during the last quarter. Members Trust Co increased its position in shares of SPDR Portfolio Short Term Treasury ETF by 7.2% during the 1st quarter. Members Trust Co now owns 3,770,589 shares of the company’s stock valued at $110,026,000 after purchasing an additional 251,965 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 1st quarter valued at about $103,133,000.

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.