SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume – Still a Buy?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULSTGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 135,338 shares were traded during trading, an increase of 30% from the previous session’s volume of 103,776 shares.The stock last traded at $40.50 and had previously closed at $40.50.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.0 %

The firm has a fifty day moving average price of $40.52 and a 200 day moving average price of $40.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ULST. Gradient Investments LLC grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 2.2% during the fourth quarter. Gradient Investments LLC now owns 1,745,483 shares of the company’s stock worth $70,535,000 after purchasing an additional 36,987 shares during the period. LPL Financial LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 4.5% in the fourth quarter. LPL Financial LLC now owns 1,125,289 shares of the company’s stock valued at $45,473,000 after buying an additional 48,588 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the 4th quarter worth approximately $21,066,000. BIP Wealth LLC raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.8% in the 4th quarter. BIP Wealth LLC now owns 500,490 shares of the company’s stock valued at $20,225,000 after acquiring an additional 31,818 shares during the period. Finally, Ieq Capital LLC bought a new stake in SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter valued at $10,801,000.

About SPDR SSgA Ultra Short Term Bond ETF

(Get Free Report)

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.

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