SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Hits New 52-Week High – Still a Buy?

Shares of SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.21 and last traded at $29.2050, with a volume of 422875 shares. The stock had previously closed at $29.14.

SPDR Portfolio Intermediate Term Treasury ETF Trading Up 0.3%

The firm has a 50-day moving average price of $28.88 and a 200 day moving average price of $28.91.

SPDR Portfolio Intermediate Term Treasury ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.0934 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from SPDR Portfolio Intermediate Term Treasury ETF’s previous monthly dividend of $0.09.

Hedge Funds Weigh In On SPDR Portfolio Intermediate Term Treasury ETF

A number of institutional investors have recently bought and sold shares of SPTI. Tripletail Wealth Management LLC purchased a new position in SPDR Portfolio Intermediate Term Treasury ETF during the third quarter valued at $25,000. Caitlin John LLC bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the third quarter worth about $27,000. Elyxium Wealth LLC bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF in the fourth quarter worth about $27,000. Franklin Resources Inc. lifted its position in shares of SPDR Portfolio Intermediate Term Treasury ETF by 54.4% during the 2nd quarter. Franklin Resources Inc. now owns 1,275 shares of the company’s stock valued at $37,000 after buying an additional 449 shares in the last quarter. Finally, Financial Consulate Inc. bought a new position in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 3rd quarter valued at approximately $38,000.

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.