SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI)’s share price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $27.61 and traded as low as $27.54. SPDR Portfolio Intermediate Term Treasury ETF shares last traded at $27.58, with a volume of 2,785,049 shares.

SPDR Portfolio Intermediate Term Treasury ETF Trading Down 0.1%

The firm’s fifty day simple moving average is $27.61 and its 200 day simple moving average is $28.29.

Institutional Investors Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

Several institutional investors have recently modified their holdings of SPTI. Mather Group LLC. acquired a new position in SPDR Portfolio Intermediate Term Treasury ETF in the third quarter valued at $363,399,000. Carnegie Investment Counsel purchased a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth about $51,082,000. Gradient Investments LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth about $41,744,000. Capital Investment Advisors LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter valued at about $30,413,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter valued at about $18,657,000.

SPDR Portfolio Intermediate Term Treasury ETF Company Profile

The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of US Treasurys with remaining maturities between 3-10 years. SPTI was launched on May 23, 2007 and is managed by State Street.