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

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $40.23 and last traded at $40.23, with a volume of 312 shares changing hands. The stock had previously closed at $40.44.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The stock’s 50-day simple moving average is $40.47 and its 200 day simple moving average is $40.54.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 13.8% during the 2nd quarter. LPL Financial LLC now owns 1,137,180 shares of the company’s stock worth $46,022,000 after acquiring an additional 138,212 shares in the last quarter. Avestar Capital LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 25.6% during the third quarter. Avestar Capital LLC now owns 566,224 shares of the company’s stock worth $23,091,000 after purchasing an additional 115,246 shares in the last quarter. BIP Wealth LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 19.6% during the third quarter. BIP Wealth LLC now owns 468,672 shares of the company’s stock worth $19,112,000 after purchasing an additional 76,726 shares in the last quarter. David Kennon Inc boosted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.1% in the third quarter. David Kennon Inc now owns 197,228 shares of the company’s stock valued at $8,043,000 after purchasing an additional 3,973 shares during the period. Finally, Verus Capital Partners LLC grew its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 8.7% in the third quarter. Verus Capital Partners LLC now owns 107,848 shares of the company’s stock valued at $4,398,000 after purchasing an additional 8,660 shares in the last quarter.

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.