Financial Solutions Advisory Group Inc. Invests $103.13 Million in SPDR Portfolio Short Term Treasury ETF $SPTS

Financial Solutions Advisory Group Inc. purchased a new stake in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) in the first quarter, Holdings Channel.com reports. The fund purchased 3,534,364 shares of the company’s stock, valued at approximately $103,133,000. SPDR Portfolio Short Term Treasury ETF accounts for approximately 14.3% of Financial Solutions Advisory Group Inc.’s portfolio, making the stock its biggest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Advisors LLC boosted its holdings in SPDR Portfolio Short Term Treasury ETF by 103.6% during the fourth quarter. Clearstead Advisors LLC now owns 837 shares of the company’s stock worth $25,000 after buying an additional 426 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in SPDR Portfolio Short Term Treasury ETF during the fourth quarter worth about $25,000. Private Wealth Asset Management LLC purchased a new position in 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 purchased a new position in SPDR Portfolio Short Term Treasury ETF in the fourth quarter valued at about $27,000. Finally, Manchester Capital Management LLC purchased a new position in SPDR Portfolio Short Term Treasury ETF in the fourth quarter valued at about $36,000.

SPDR Portfolio Short Term Treasury ETF Trading Down 0.1%

SPTS stock opened at $28.95 on Friday. The firm has a 50 day moving average of $28.96 and a 200-day moving average of $29.11. The company has a market cap of $6.12 billion, a price-to-earnings ratio of -64.37 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a 12-month low of $28.88 and a 12-month high of $29.40.

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.