SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Hits New 1-Year Low – What’s Next?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares hit a new 52-week low during mid-day trading on Wednesday . The stock 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 Stock Performance

The firm’s fifty day moving average price is $40.47 and its 200-day moving average price is $40.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ULST. Paladin Wealth LLC acquired a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at approximately $1,520,000. Sanctuary Advisors LLC acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth $505,000. Elmwood Wealth Management Inc. increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 5.9% in the third quarter. Elmwood Wealth Management Inc. now owns 42,632 shares of the company’s stock valued at $1,739,000 after purchasing an additional 2,379 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 17.4% during the third quarter. Private Advisor Group LLC now owns 38,859 shares of the company’s stock valued at $1,585,000 after purchasing an additional 5,760 shares during the period. Finally, Capstone Wealth Management Group LLC boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 3.8% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 10,506 shares of the company’s stock worth $428,000 after purchasing an additional 382 shares in 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.