SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw strong trading volume on Tuesday . 246,053 shares were traded during mid-day trading, an increase of 122% from the previous session’s volume of 110,812 shares.The stock last traded at $40.39 and had previously closed at $40.39.

SPDR SSgA Ultra Short Term Bond ETF Stock Up 0.1 %

The firm has a fifty day simple moving average of $40.40 and a 200 day simple moving average of $40.41.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several large investors have recently added to or reduced their stakes in ULST. Avestar Capital LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 268.6% in the 4th quarter. Avestar Capital LLC now owns 664,855 shares of the company’s stock worth $26,847,000 after buying an additional 484,468 shares in the last quarter. Gradient Investments LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 42.2% in the 4th quarter. Gradient Investments LLC now owns 1,459,635 shares of the company’s stock worth $58,940,000 after buying an additional 433,260 shares in the last quarter. Raymond James & Associates acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter worth approximately $11,170,000. CWM LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 30.7% in the 4th quarter. CWM LLC now owns 1,131,051 shares of the company’s stock worth $45,672,000 after buying an additional 265,510 shares in the last quarter. Finally, ORBA Wealth Advisors L.L.C. acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter worth approximately $10,421,000.

About SPDR SSgA Ultra Short Term Bond ETF

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.