SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Sets New 52-Week Low – What’s Next?

Shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $29.05 and last traded at $29.05, with a volume of 18404 shares changing hands. The stock had previously closed at $29.13.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The firm has a market cap of $6.18 billion, a price-to-earnings ratio of -64.62 and a beta of 0.05. The business has a fifty day moving average of $29.18 and a two-hundred day moving average of $29.25.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPTS. NewEdge Advisors LLC grew its position in shares of SPDR Portfolio Short Term Treasury ETF by 76.2% in the first quarter. NewEdge Advisors LLC now owns 34,757 shares of the company’s stock valued at $1,016,000 after purchasing an additional 15,030 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of SPDR Portfolio Short Term Treasury ETF by 2,864.3% during the 1st quarter. Jones Financial Companies Lllp now owns 15,118 shares of the company’s stock worth $442,000 after purchasing an additional 14,608 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of SPDR Portfolio Short Term Treasury ETF by 129.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 236,393 shares of the company’s stock worth $6,912,000 after purchasing an additional 133,182 shares during the last quarter. Jane Street Group LLC purchased a new stake in SPDR Portfolio Short Term Treasury ETF in the 1st quarter valued at approximately $1,606,000. Finally, State Street Corp lifted its stake in SPDR Portfolio Short Term Treasury ETF by 3.3% in the 2nd quarter. State Street Corp now owns 12,419,060 shares of the company’s stock valued at $363,754,000 after buying an additional 400,533 shares in the last quarter.

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.