SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Volume Increase – Here’s Why

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw unusually-strong trading volume on Monday . Approximately 526,343 shares traded hands during mid-day trading, an increase of 314% from the previous session’s volume of 127,250 shares.The stock last traded at $40.56 and had previously closed at $40.52.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The firm has a 50 day moving average price of $40.55 and a two-hundred day moving average price of $40.51.

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

Several large investors have recently added to or reduced their stakes in ULST. LPL Financial LLC grew its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 50.6% during the 1st quarter. LPL Financial LLC now owns 1,695,009 shares of the company’s stock worth $68,902,000 after buying an additional 569,720 shares during the period. Raymond James Financial Inc. acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter worth $21,066,000. Ieq Capital LLC bought a new stake in SPDR SSgA Ultra Short Term Bond ETF in the fourth quarter valued at $10,801,000. PTM Wealth Management LLC acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at about $7,091,000. Finally, Gradient Investments LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 5.8% during the first quarter. Gradient Investments LLC now owns 1,847,262 shares of the company’s stock valued at $75,091,000 after purchasing an additional 101,779 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.