SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sets New 12-Month Low – Here’s What Happened

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $40.11 and last traded at $40.11, with a volume of 1374 shares trading hands. The stock had previously closed at $40.24.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.3%

The company’s fifty day moving average is $40.31 and its 200-day moving average is $40.37.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BIP Wealth LLC lifted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 3.7% during the 1st quarter. BIP Wealth LLC now owns 588,178 shares of the company’s stock valued at $23,821,000 after buying an additional 21,195 shares in the last quarter. Bank of America Corp DE increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.5% in the 1st quarter. Bank of America Corp DE now owns 277,650 shares of the company’s stock worth $11,245,000 after buying an additional 16,998 shares in the last quarter. Norris Financial Group LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter worth $4,305,000. Kraft Davis & Associates LLC bought a new stake in SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at about $4,228,000. Finally, Barnes Wealth Management Group Inc raised its holdings in SPDR SSgA Ultra Short Term Bond ETF by 3.2% during the fourth quarter. Barnes Wealth Management Group Inc now owns 50,431 shares of the company’s stock valued at $2,043,000 after acquiring an additional 1,553 shares during the period.

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. ULST was launched on Oct 9, 2013 and is managed by State Street.

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