SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Reaches New 1-Year Low – Here’s What Happened

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) reached a new 52-week low on Wednesday . The company traded as low as $40.24 and last traded at $40.24, with a volume of 83514 shares changing hands. The stock had previously closed at $40.41.

SPDR SSgA Ultra Short Term Bond ETF Trading Down 0.4 %

The company has a 50-day moving average of $40.47 and a 200-day moving average of $40.55.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ULST. Private Trust Co. NA boosted its stake in SPDR SSgA Ultra Short Term Bond ETF by 177.1% in the third quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock valued at $70,000 after acquiring an additional 1,091 shares during the last quarter. Fifth Third Securities Inc. bought a new position in SPDR SSgA Ultra Short Term Bond ETF during the fourth quarter valued at $204,000. Authentikos Wealth Advisory LLC increased its position in SPDR SSgA Ultra Short Term Bond ETF by 127.3% in the fourth quarter. Authentikos Wealth Advisory LLC now owns 5,800 shares of the company’s stock worth $234,000 after buying an additional 3,248 shares during the last quarter. Zega Financial LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at $258,000. Finally, Canvas Wealth Advisors LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 4.0% during the 4th quarter. Canvas Wealth Advisors LLC now owns 6,500 shares of the company’s stock valued at $263,000 after buying an additional 250 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.