SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Reaches New 1-Year Low – Here’s Why

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $28.00 and last traded at $28.00, with a volume of 138939 shares traded. The stock had previously closed at $28.04.

SPDR Portfolio Intermediate Term Treasury ETF Stock Performance

The business’s 50 day moving average price is $28.16 and its 200 day moving average price is $28.44.

Institutional Trading of SPDR Portfolio Intermediate Term Treasury ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF in the fourth quarter valued at $27,000. Elevated Capital Advisors LLC purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 1st quarter worth about $37,000. Franklin Resources Inc. grew its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock valued at $37,000 after acquiring an additional 449 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 2nd quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC purchased a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 2nd quarter valued at about $49,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

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.