SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) Sees Unusually-High Trading Volume – Should You Buy?

SPDR Portfolio Intermediate Term Treasury ETF (NYSEARCA:SPTI) shares saw unusually-strong trading volume on Thursday . Approximately 9,966,227 shares traded hands during mid-day trading, an increase of 364% from the previous session’s volume of 2,147,038 shares.The stock last traded at $28.07 and had previously closed at $28.11.

SPDR Portfolio Intermediate Term Treasury ETF Stock Down 0.1 %

The stock has a 50 day moving average of $28.00 and a 200 day moving average of $28.41.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPTI. ORG Wealth Partners LLC purchased a new stake in SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter valued at about $25,000. Centennial Bank AR bought a new position in SPDR Portfolio Intermediate Term Treasury ETF in the 3rd quarter valued at $39,000. SBI Securities Co. Ltd. purchased a new stake in shares of SPDR Portfolio Intermediate Term Treasury ETF during the 4th quarter valued at $121,000. Jones Financial Companies Lllp raised its stake in shares of SPDR Portfolio Intermediate Term Treasury ETF by 36.2% during the 4th quarter. Jones Financial Companies Lllp now owns 16,213 shares of the company’s stock worth $452,000 after purchasing an additional 4,306 shares during the period. Finally, Virtue Capital Management LLC purchased a new stake in SPDR Portfolio Intermediate Term Treasury ETF during the third quarter worth about $563,000.

About SPDR Portfolio Intermediate Term Treasury ETF

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.