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

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price reached a new 52-week high on Monday . The company traded as high as $29.50 and last traded at $29.37, with a volume of 263 shares. The stock had previously closed at $29.37.

SPDR Portfolio Short Term Treasury ETF Stock Performance

The stock has a market cap of $5.83 billion, a P/E ratio of -65.33 and a beta of 0.01. The stock’s fifty day moving average is $29.30 and its 200 day moving average is $29.22.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its holdings in SPDR Portfolio Short Term Treasury ETF by 0.6% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 21,929,077 shares of the company’s stock valued at $641,206,000 after buying an additional 126,031 shares during the period. State Street Corp increased its position in SPDR Portfolio Short Term Treasury ETF by 3.3% during the second quarter. State Street Corp now owns 12,419,060 shares of the company’s stock valued at $363,754,000 after acquiring an additional 400,533 shares during the last quarter. LPL Financial LLC raised its stake in shares of SPDR Portfolio Short Term Treasury ETF by 16.7% in the first quarter. LPL Financial LLC now owns 7,481,610 shares of the company’s stock valued at $218,762,000 after acquiring an additional 1,071,879 shares during the period. Merit Financial Group LLC raised its stake in shares of SPDR Portfolio Short Term Treasury ETF by 64.9% in the second quarter. Merit Financial Group LLC now owns 5,166,476 shares of the company’s stock valued at $151,326,000 after acquiring an additional 2,034,138 shares during the period. Finally, GLOBALT Investments LLC GA lifted its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 9.6% in the 2nd quarter. GLOBALT Investments LLC GA now owns 4,536,877 shares of the company’s stock worth $132,885,000 after acquiring an additional 397,817 shares during the last quarter.

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.