Elevation Point Wealth Partners LLC Makes New $3.66 Million Investment in SPDR Portfolio Short Term Treasury ETF $SPTS

Elevation Point Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 124,759 shares of the company’s stock, valued at approximately $3,658,000.

A number of other hedge funds have also recently modified their holdings of the company. Tripletail Wealth Management LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF during the third quarter worth about $25,000. Addison Advisors LLC grew its stake in shares of SPDR Portfolio Short Term Treasury ETF by 450.0% in the 3rd quarter. Addison Advisors LLC now owns 858 shares of the company’s stock valued at $25,000 after buying an additional 702 shares during the period. Pinnacle Bancorp Inc. increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 57.5% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock worth $50,000 after buying an additional 624 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the 3rd quarter worth approximately $51,000. Finally, Fifth Third Bancorp purchased a new stake in shares of SPDR Portfolio Short Term Treasury ETF during the 3rd quarter valued at approximately $97,000.

SPDR Portfolio Short Term Treasury ETF Stock Performance

SPTS opened at $29.17 on Friday. The stock has a market capitalization of $5.54 billion, a PE ratio of -64.86 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a one year low of $29.06 and a one year high of $29.40. The business’s 50 day moving average price is $29.28 and its 200 day moving average price is $29.29.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.084 dividend. This represents a c) annualized dividend 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 -255.71%.

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.