SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Reaches New 1-Year Low – Should You Sell?

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) hit a new 52-week low on Friday . The company traded as low as $40.23 and last traded at $40.23, with a volume of 312 shares trading hands. The stock had previously closed at $40.44.

SPDR SSgA Ultra Short Term Bond ETF Stock Down 0.0 %

The firm has a 50 day simple moving average of $40.47 and a 200-day simple moving average of $40.54.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of ULST. Private Trust Co. NA lifted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 177.1% during the 3rd quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock valued at $70,000 after purchasing an additional 1,091 shares during the last quarter. PVG Asset Management Corp acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter valued at about $225,000. Zega Financial LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at about $258,000. Leslie Global Wealth LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the third quarter worth about $273,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 6,117.9% during the third quarter. JPMorgan Chase & Co. now owns 7,648 shares of the company’s stock valued at $312,000 after acquiring an additional 7,525 shares in the last quarter.

About SPDR SSgA Ultra Short Term Bond ETF

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.