SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume – Here’s What Happened

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Wednesday . 138,368 shares changed hands during mid-day trading, a decline of 1% from the previous session’s volume of 139,840 shares.The stock last traded at $40.5550 and had previously closed at $40.58.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The business’s 50 day moving average is $40.55 and its two-hundred day moving average is $40.60.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1394 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.8% during the fourth quarter. CWM LLC now owns 3,802,612 shares of the company’s stock worth $154,025,000 after purchasing an additional 240,602 shares during the last quarter. Avestar Capital LLC increased its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 13.0% during the 2nd quarter. Avestar Capital LLC now owns 730,046 shares of the company’s stock valued at $29,684,000 after purchasing an additional 84,203 shares during the last quarter. PTM Wealth Management LLC raised its holdings in shares of 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 valued at $28,468,000 after buying an additional 42,606 shares in the last quarter. BIP Wealth LLC raised its holdings 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. Finally, Bank of America Corp DE lifted its position in SPDR SSgA Ultra Short Term Bond ETF by 36.3% in the 2nd quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock worth $11,130,000 after buying an additional 72,900 shares during 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. ULST was launched on Oct 9, 2013 and is managed by State Street.