SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Hits New 12-Month Low – What’s Next?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) reached a new 52-week low on Thursday . The company traded as low as $40.02 and last traded at $40.57, with a volume of 482 shares changing hands. The stock had previously closed at $40.54.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The stock’s 50 day moving average is $40.54 and its 200-day moving average is $40.51.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter worth about $21,066,000. Ieq Capital LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 4th quarter worth approximately $10,801,000. Gradient Investments LLC boosted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 5.8% during the 1st quarter. Gradient Investments LLC now owns 1,847,262 shares of the company’s stock valued at $75,091,000 after acquiring an additional 101,779 shares during the period. Copley Financial Group Inc. bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter valued at $3,752,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 39.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 238,253 shares of the company’s stock worth $9,628,000 after purchasing an additional 67,388 shares during the period.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

The SPDR SSgA Ultra Short Term Bond ETF (ULST) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that aims to maximize income and preserve capital using USD-denominated fixed-income securities with maturities ranging from 6 to 18 months and durations of 3 to 6 months.