SPDR Portfolio Intermediate Term Treasury ETF Stock Updates: A 0.1% Increase – Should You Invest?
The SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) saw its shares increase by 0.1% in trading on Thursday. During the session, the stock reached a high of $27.96, before finally closing at $27.90. A total of about 1,500,410 shares were exchanged, reflecting a decrease of 11% from the average daily trading volume of 1,691,939 shares. The previous close was at $27.88.
SPDR Portfolio Intermediate Term Treasury ETF Trading Performances
Currently, the ETF’s fifty-day simple moving average stands at $28.13, while its 200-day simple moving average is at $28.45. These moving averages can provide insight into potential trends for the fund.
Institutional Investors and Their Strategies
Recently, there have been changes in the holdings of SPDR Portfolio Intermediate Term Treasury ETF by institutional investors and hedge funds. For instance, Tsfg LLC increased its stake in the ETF by 32.4% during the third quarter, bringing their total to 363,790 shares valued at approximately $10,572,000 after purchasing an additional 89,115 shares. Another firm, Salomon & Ludwin LLC, raised its investment by 26.2%, now owning 338,257 shares worth about $9,829,000 after acquiring 70,190 additional shares. IHT Wealth Management LLC also grew their position by 15.1%, owning 280,424 shares valued at $8,149,000 after a buy of 36,892 shares. Furthermore, Integrated Wealth Concepts LLC expanded its holdings by 44.4%, owning 256,823 shares with a value of $7,463,000 after adding 79,025 shares. Lastly, Private Trust Co. NA raised its stake by 6.1%, now holding 87,759 shares valued at $2,550,000 following a purchase of 5,043 shares.
Understanding SPDR Portfolio Intermediate Term Treasury ETF
The SPDR Portfolio Intermediate Term Treasury ETF (SPTI) primarily invests in high-quality fixed-income securities and aims to replicate the performance of a market-weighted index consisting of U.S. Treasury securities with maturities ranging from 3 to 10 years. The fund was established on May 23, 2007, and is managed by State Street.
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