SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $28.76 and traded as high as $28.78. SPDR Portfolio Short Term Treasury ETF shares last traded at $28.77, with a volume of 1,202,381 shares.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.1%

The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of -63.97 and a beta of 0.05. The business’s 50-day moving average is $28.76 and its 200-day moving average is $29.01.

Hedge Funds Weigh In On SPDR Portfolio Short Term Treasury ETF

A number of institutional investors have recently modified their holdings of the stock. State Street Corp boosted its stake in shares of SPDR Portfolio Short Term Treasury ETF by 9.0% in the second quarter. State Street Corp now owns 13,899,161 shares of the company’s stock worth $403,215,000 after buying an additional 1,149,612 shares during the last quarter. Proficio Capital Partners LLC raised its position in SPDR Portfolio Short Term Treasury ETF by 376.4% during the second quarter. Proficio Capital Partners LLC now owns 6,991,445 shares of the company’s stock valued at $202,822,000 after acquiring an additional 5,523,850 shares in the last quarter. Envestnet Asset Management Inc. raised its position in SPDR Portfolio Short Term Treasury ETF by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 6,091,698 shares of the company’s stock valued at $176,720,000 after acquiring an additional 371,785 shares in the last quarter. Members Trust Co raised its position in SPDR Portfolio Short Term Treasury ETF by 7.2% during the first quarter. Members Trust Co now owns 3,770,589 shares of the company’s stock valued at $110,026,000 after acquiring an additional 251,965 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new position in SPDR Portfolio Short Term Treasury ETF in the first quarter valued at approximately $103,133,000.

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.