SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Monday . 1,220,472 shares were traded during mid-day trading, an increase of 869% from the previous session’s volume of 125,891 shares.The stock last traded at $40.40 and had previously closed at $40.39.

SPDR SSgA Ultra Short Term Bond ETF Stock Up 0.0%

The company’s 50 day moving average price is $40.44 and its two-hundred day moving average price is $40.53.

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

A number of institutional investors have recently bought and sold shares of the stock. BIP Wealth LLC lifted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.4% during the 4th quarter. BIP Wealth LLC now owns 566,983 shares of the company’s stock valued at $22,966,000 after buying an additional 13,318 shares in the last quarter. ORBA Wealth Advisors L.L.C. raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 22.3% during the 3rd quarter. ORBA Wealth Advisors L.L.C. now owns 144,692 shares of the company’s stock worth $5,888,000 after acquiring an additional 26,427 shares during the period. Thrivent Financial for Lutherans bought a new stake in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $1,912,000. PTM Wealth Management LLC raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.5% during the 4th quarter. PTM Wealth Management LLC now owns 702,470 shares of the company’s stock worth $28,468,000 after acquiring an additional 42,606 shares during the period. Finally, Authentikos Wealth Advisory LLC raised its stake in SPDR SSgA Ultra Short Term Bond ETF by 49.3% during the 3rd quarter. Authentikos Wealth Advisory LLC now owns 43,199 shares of the company’s stock worth $1,758,000 after acquiring an additional 14,269 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.