SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume – Here’s Why
by Tristan Rich · The Markets DailyShares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST – Get Free Report) saw an uptick in trading volume on Wednesday . 759,436 shares were traded during trading, an increase of 530% from the previous session’s volume of 120,466 shares.The stock last traded at $40.38 and had previously closed at $40.50.
SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.3%
The stock has a fifty day moving average of $40.53 and a 200 day moving average of $40.58.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in ULST. Avestar Capital LLC raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 13.0% during the 2nd quarter. Avestar Capital LLC now owns 730,046 shares of the company’s stock worth $29,684,000 after acquiring an additional 84,203 shares during the period. WT Wealth Management boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 24.8% in the third quarter. WT Wealth Management now owns 113,172 shares of the company’s stock worth $4,605,000 after purchasing an additional 22,523 shares during the period. PTM Wealth Management LLC increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 8.2% in the third quarter. PTM Wealth Management LLC now owns 659,864 shares of the company’s stock worth $26,789,000 after purchasing an additional 50,093 shares in the last quarter. CWM LLC increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 13.9% in the third quarter. CWM LLC now owns 3,562,010 shares of the company’s stock worth $144,938,000 after purchasing an additional 434,344 shares in the last quarter. Finally, ORBA Wealth Advisors L.L.C. raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 22.3% during the 3rd quarter. ORBA Wealth Advisors L.L.C. now owns 144,692 shares of the company’s stock valued at $5,888,000 after purchasing an additional 26,427 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. ULST was launched on Oct 9, 2013 and is managed by State Street.