SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Reaches New 12-Month Low – Should You Sell?

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $28.89 and last traded at $28.89, with a volume of 686677 shares traded. The stock had previously closed at $28.92.

SPDR Portfolio Short Term Treasury ETF Stock Down 0.1%

The company has a 50-day simple moving average of $28.99 and a two-hundred day simple moving average of $29.14. The stock has a market cap of $6.06 billion, a P/E ratio of -64.24 and a beta of 0.05.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Clearstead Advisors LLC boosted its position in SPDR Portfolio Short Term Treasury ETF by 103.6% during the 4th quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock valued at $25,000 after buying an additional 426 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter valued at about $25,000. Private Wealth Asset Management LLC purchased a new position in shares of SPDR Portfolio Short Term Treasury ETF in the fourth quarter valued at about $26,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $27,000. Finally, Manchester Capital Management LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF during the fourth quarter valued at about $36,000.

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.