SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Reaches New 52-Week Low – Should You Sell?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $40.23 and last traded at $40.23, with a volume of 385 shares trading hands. The stock had previously closed at $40.60.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The business’s 50-day simple moving average is $40.57 and its two-hundred day simple moving average is $40.54.

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

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC bought a new position in SPDR SSgA Ultra Short Term Bond ETF in the 2nd quarter valued at approximately $41,000. Private Trust Co. NA lifted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 177.1% during the third quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock worth $70,000 after purchasing an additional 1,091 shares during the period. PVG Asset Management Corp bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter worth $225,000. AlphaStar Capital Management LLC acquired a new stake in SPDR SSgA Ultra Short Term Bond ETF in the second quarter valued at $238,000. Finally, Zega Financial LLC bought a new position in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth $258,000.

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.