Gradient Investments LLC Raises Position in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

Gradient Investments LLC lifted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 2.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,745,483 shares of the company’s stock after acquiring an additional 36,987 shares during the quarter. SPDR SSgA Ultra Short Term Bond ETF accounts for about 1.4% of Gradient Investments LLC’s portfolio, making the stock its 17th largest position. Gradient Investments LLC owned 12.08% of SPDR SSgA Ultra Short Term Bond ETF worth $70,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ULST. Private Trust Co. NA raised its position in SPDR SSgA Ultra Short Term Bond ETF by 177.1% in the 3rd quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 1,091 shares in the last quarter. PVG Asset Management Corp acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the second quarter valued at approximately $225,000. Zega Financial LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth approximately $258,000. Leslie Global Wealth LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $273,000. Finally, JPMorgan Chase & Co. increased its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 6,117.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,648 shares of the company’s stock valued at $312,000 after purchasing an additional 7,525 shares during the last quarter.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

SPDR SSgA Ultra Short Term Bond ETF stock opened at $40.53 on Friday. The company has a fifty day simple moving average of $40.47 and a 200-day simple moving average of $40.55. SPDR SSgA Ultra Short Term Bond ETF has a 12-month low of $40.24 and a 12-month high of $40.84.

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.