Destination Wealth Management Reduces Position in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

Destination Wealth Management lessened its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 46.6% during the 4th quarter, HoldingsChannel reports. The fund owned 9,706 shares of the company’s stock after selling 8,460 shares during the quarter. Destination Wealth Management’s holdings in SPDR SSgA Ultra Short Term Bond ETF were worth $392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of ULST. Raymond James Financial Inc. bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 4th quarter valued at $21,066,000. Ieq Capital LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 4th quarter valued at $10,801,000. Avestar Capital LLC raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 25.6% during the 3rd quarter. Avestar Capital LLC now owns 566,224 shares of the company’s stock valued at $23,091,000 after purchasing an additional 115,246 shares during the period. Copley Financial Group Inc. bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter valued at $3,752,000. Finally, BIP Wealth LLC raised its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 19.6% during the 3rd quarter. BIP Wealth LLC now owns 468,672 shares of the company’s stock valued at $19,112,000 after purchasing an additional 76,726 shares during the period.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

Shares of ULST stock opened at $40.53 on Friday. SPDR SSgA Ultra Short Term Bond ETF has a one year low of $40.24 and a one year high of $40.84. The company’s fifty day moving average price is $40.48 and its 200-day moving average price is $40.55.

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.