PTM Wealth Management LLC Has $28.47 Million Holdings in SPDR SSgA Ultra Short Term Bond ETF $ULST

PTM Wealth Management LLC lifted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 6.5% in the 4th quarter, HoldingsChannel reports. The firm owned 702,470 shares of the company’s stock after buying an additional 42,606 shares during the quarter. SPDR SSgA Ultra Short Term Bond ETF accounts for 16.1% of PTM Wealth Management LLC’s portfolio, making the stock its 2nd biggest position. PTM Wealth Management LLC’s holdings in SPDR SSgA Ultra Short Term Bond ETF were worth $28,468,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ULST. CWM LLC grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 13.9% during the third quarter. CWM LLC now owns 3,562,010 shares of the company’s stock valued at $144,938,000 after purchasing an additional 434,344 shares during the period. Avestar Capital LLC raised its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 13.0% in the second quarter. Avestar Capital LLC now owns 730,046 shares of the company’s stock valued at $29,684,000 after buying an additional 84,203 shares during the period. BIP Wealth LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.6% during the 3rd quarter. BIP Wealth LLC now owns 553,665 shares of the company’s stock valued at $22,529,000 after buying an additional 14,112 shares during the last quarter. Bank of America Corp DE lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 36.3% during the 2nd quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock valued at $11,130,000 after buying an additional 72,900 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 40.0% during the 2nd quarter. AQR Capital Management LLC now owns 148,419 shares of the company’s stock worth $6,035,000 after acquiring an additional 42,435 shares during the period.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of ULST opened at $40.44 on Tuesday. SPDR SSgA Ultra Short Term Bond ETF has a fifty-two week low of $40.34 and a fifty-two week high of $40.75. The business has a 50-day moving average of $40.55 and a 200 day moving average of $40.58.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 2nd.

SPDR SSgA Ultra Short Term Bond ETF 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. ULST was launched on Oct 9, 2013 and is managed by State Street.