SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $28.73 and traded as low as $28.70. SPDR Portfolio Short Term Treasury ETF shares last traded at $28.71, with a volume of 1,679,581 shares changing hands.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.3%

The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of -63.84 and a beta of 0.05. The company’s 50 day moving average is $28.73 and its 200-day moving average is $28.99.

Institutional Trading of SPDR Portfolio Short Term Treasury ETF

Hedge funds have recently made changes to their positions in the business. USA Financial Formulas bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the 3rd quarter worth approximately $43,000. Allianz Asset Management GmbH bought a new stake in SPDR Portfolio Short Term Treasury ETF in the 2nd quarter valued at $46,000. Eastern Bank acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the 3rd quarter valued at $79,000. Retirement Wealth Solutions LLC acquired a new stake in SPDR Portfolio Short Term Treasury ETF during the 3rd quarter valued at $81,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 100.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,054 shares of the company’s stock valued at $118,000 after purchasing an additional 2,031 shares during the last quarter.

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.