Synovus Financial Corp Trims Stock Position in SPDR Portfolio Short Term Treasury ETF $SPTS

Synovus Financial Corp decreased its stake in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 7.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 213,384 shares of the company’s stock after selling 17,380 shares during the quarter. Synovus Financial Corp owned approximately 0.11% of SPDR Portfolio Short Term Treasury ETF worth $6,257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bulltick Wealth Management LLC lifted its holdings in SPDR Portfolio Short Term Treasury ETF by 4.6% in the second quarter. Bulltick Wealth Management LLC now owns 9,021 shares of the company’s stock valued at $264,000 after acquiring an additional 400 shares during the period. GWN Securities Inc. grew its stake in shares of SPDR Portfolio Short Term Treasury ETF by 4.3% during the 2nd quarter. GWN Securities Inc. now owns 9,896 shares of the company’s stock worth $290,000 after purchasing an additional 408 shares during the period. Cornerstone Financial Group LLC NE increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 3.9% during the 2nd quarter. Cornerstone Financial Group LLC NE now owns 16,291 shares of the company’s stock valued at $477,000 after purchasing an additional 609 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of SPDR Portfolio Short Term Treasury ETF by 2.3% during the 3rd quarter. Carnegie Investment Counsel now owns 27,469 shares of the company’s stock valued at $805,000 after purchasing an additional 609 shares in the last quarter. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 57.5% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock valued at $50,000 after purchasing an additional 624 shares during the period.

SPDR Portfolio Short Term Treasury ETF Stock Performance

SPTS stock opened at $29.33 on Friday. The firm has a market cap of $5.57 billion, a PE ratio of -65.21 and a beta of 0.05. The firm’s fifty day moving average is $29.28 and its 200 day moving average is $29.29. SPDR Portfolio Short Term Treasury ETF has a one year low of $29.02 and a one year high of $29.39.

SPDR Portfolio Short Term Treasury ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.1017 per share. This is a boost from SPDR Portfolio Short Term Treasury ETF’s previous monthly dividend of $0.09. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. SPDR Portfolio Short Term Treasury ETF’s payout ratio is -257.94%.

About SPDR Portfolio Short Term Treasury ETF

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.