SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Time to Buy?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Wednesday . 138,368 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 139,840 shares.The stock last traded at $40.5550 and had previously closed at $40.58.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.1%

The company has a fifty day moving average of $40.55 and a two-hundred day moving average of $40.60.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1394 dividend. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, February 2nd.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. GatePass Capital LLC bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 4th quarter worth about $486,000. ORBA Wealth Advisors L.L.C. increased its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 26.0% during the fourth quarter. ORBA Wealth Advisors L.L.C. now owns 182,305 shares of the company’s stock valued at $7,384,000 after acquiring an additional 37,613 shares during the period. Oppenheimer & Co. Inc. raised its holdings in SPDR SSgA Ultra Short Term Bond ETF by 77.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 14,925 shares of the company’s stock worth $605,000 after purchasing an additional 6,527 shares in the last quarter. UBS Group AG lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 25.1% in the fourth quarter. UBS Group AG now owns 78,540 shares of the company’s stock worth $3,181,000 after purchasing an additional 15,782 shares during the period. Finally, Sanctuary Advisors LLC lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 3.7% in the fourth quarter. Sanctuary Advisors LLC now owns 35,150 shares of the company’s stock worth $1,424,000 after purchasing an additional 1,250 shares during the period.

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. ULST was launched on Oct 9, 2013 and is managed by State Street.