Bank of Nova Scotia Raises Stake in SPDR Portfolio Short Term Treasury ETF $SPTS

Bank of Nova Scotia increased its position in shares of SPDR Portfolio Short Term Treasury ETF (NYSEARCA:SPTS) by 27.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,240,329 shares of the company’s stock after purchasing an additional 264,094 shares during the period. Bank of Nova Scotia owned 0.63% of SPDR Portfolio Short Term Treasury ETF worth $36,365,000 at the end of the most recent reporting period.

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

SPDR Portfolio Short Term Treasury ETF Trading Up 0.0%

NYSEARCA:SPTS opened at $29.17 on Monday. The stock has a 50-day moving average price of $29.28 and a 200 day moving average price of $29.29. The stock has a market capitalization of $5.54 billion, a P/E ratio of -64.86 and a beta of 0.05. SPDR Portfolio Short Term Treasury ETF has a 12-month low of $29.06 and a 12-month high of $29.40.

SPDR Portfolio Short Term Treasury ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.084 dividend. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, March 2nd. SPDR Portfolio Short Term Treasury ETF’s dividend 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.