SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Hits New 12-Month Low – Here’s What Happened

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

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The firm has a fifty day moving average of $40.46 and a two-hundred day moving average of $40.55.

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

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