SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) shares saw unusually-high trading volume on Wednesday . Approximately 6,678,016 shares changed hands during trading, an increase of 156% from the previous session’s volume of 2,606,290 shares.The stock last traded at $28.26 and had previously closed at $28.39.

SPDR Portfolio Intermediate Term Treasury ETF Stock Down 0.5%

The firm’s 50 day moving average is $28.39 and its two-hundred day moving average is $28.66.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Institutional investors have recently made changes to their positions in the stock. LPL Financial LLC raised its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 3.7% during the fourth quarter. LPL Financial LLC now owns 48,812,099 shares of the company’s stock worth $1,407,741,000 after acquiring an additional 1,719,493 shares during the last quarter. Financial Engines Advisors L.L.C. increased its position in SPDR Portfolio Intermediate Term Treasury ETF by 7.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 44,094,271 shares of the company’s stock valued at $1,271,679,000 after purchasing an additional 3,010,875 shares during the period. Municipal Employees Retirement System of Michigan increased its position in SPDR Portfolio Intermediate Term Treasury ETF by 3.9% during the 4th quarter. Municipal Employees Retirement System of Michigan now owns 37,247,174 shares of the company’s stock valued at $1,074,208,000 after purchasing an additional 1,385,521 shares during the period. Bank of America Corp DE raised its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 164.5% during the 2nd quarter. Bank of America Corp DE now owns 18,216,837 shares of the company’s stock worth $524,098,000 after purchasing an additional 11,328,620 shares during the last quarter. Finally, Mather Group LLC. raised its holdings in SPDR Portfolio Intermediate Term Treasury ETF by 5.5% during the 4th quarter. Mather Group LLC. now owns 11,316,901 shares of the company’s stock worth $326,379,000 after purchasing an additional 587,744 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.