SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Volume Increase – Still a Buy?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw strong trading volume on Friday . 301,416 shares changed hands during trading, an increase of 123% from the previous session’s volume of 135,064 shares.The stock last traded at $40.51 and had previously closed at $40.51.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The firm’s 50 day moving average price is $40.47 and its two-hundred day moving average price is $40.55.

Hedge Funds Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Large investors have recently modified their holdings of the business. PVG Asset Management Corp acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter valued at about $225,000. Paladin Wealth LLC acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $1,520,000. Mattson Financial Services LLC acquired a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter worth approximately $4,027,000. Sanctuary Advisors LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter worth approximately $505,000. Finally, Elmwood Wealth Management Inc. boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 5.9% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 42,632 shares of the company’s stock valued at $1,739,000 after buying an additional 2,379 shares during 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.