Modern Wealth Management LLC Purchases 747,653 Shares of SPDR Portfolio Short Term Treasury ETF $SPTS

Modern Wealth Management LLC raised its stake in SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 74.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,745,879 shares of the company’s stock after buying an additional 747,653 shares during the quarter. SPDR Portfolio Short Term Treasury ETF comprises approximately 1.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Modern Wealth Management LLC’s holdings in SPDR Portfolio Short Term Treasury ETF were worth $51,189,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tripletail Wealth Management LLC bought a new position in shares of SPDR Portfolio Short Term Treasury ETF in the 3rd quarter valued at about $25,000. Addison Advisors LLC raised its holdings in SPDR Portfolio Short Term Treasury ETF by 450.0% during the third quarter. Addison Advisors LLC now owns 858 shares of the company’s stock worth $25,000 after acquiring an additional 702 shares in the last quarter. Pinnacle Bancorp Inc. raised its holdings in SPDR Portfolio Short Term Treasury ETF by 57.5% during the third quarter. Pinnacle Bancorp Inc. now owns 1,709 shares of the company’s stock worth $50,000 after acquiring an additional 624 shares in the last quarter. Versant Capital Management Inc acquired a new position in SPDR Portfolio Short Term Treasury ETF during the third quarter valued at approximately $51,000. Finally, Fifth Third Bancorp acquired a new position in SPDR Portfolio Short Term Treasury ETF during the third quarter valued at approximately $97,000.

SPDR Portfolio Short Term Treasury ETF Stock Up 0.0%

NYSEARCA:SPTS opened at $29.23 on Friday. SPDR Portfolio Short Term Treasury ETF has a twelve month low of $29.06 and a twelve month high of $29.40. The firm has a market capitalization of $5.55 billion, a price-to-earnings ratio of -65.00 and a beta of 0.05. The stock’s 50 day moving average price is $29.29 and its two-hundred day moving average price is $29.29.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.084 per share. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, March 2nd. SPDR Portfolio Short Term Treasury ETF’s payout ratio is presently -255.71%.

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.