SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Strong Trading Volume – Time to Buy?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw unusually-strong trading volume on Friday. Approximately 272,231 shares changed hands during mid-day trading, an increase of 165% from the previous session’s volume of 102,800 shares. The stock last traded at $40.25 and had previously closed at $40.19.

SPDR SSgA Ultra Short Term Bond ETF Stock Up 0.0%

The company has a 50 day moving average price of $40.27 and a 200 day moving average price of $40.35.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Trilogy Capital Inc. increased its position in SPDR SSgA Ultra Short Term Bond ETF by 4.1% during the first quarter. Trilogy Capital Inc. now owns 10,080 shares of the company’s stock worth $408,000 after buying an additional 400 shares during the period. Salem Investment Counselors Inc. lifted its stake in SPDR SSgA Ultra Short Term Bond ETF by 2.6% in the third quarter. Salem Investment Counselors Inc. now owns 18,871 shares of the company’s stock valued at $759,000 after buying an additional 475 shares during the last quarter. David Kennon Inc boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 0.8% in the third quarter. David Kennon Inc now owns 106,986 shares of the company’s stock valued at $4,306,000 after acquiring an additional 879 shares during the period. Wisconsin Wealth Advisors LLC boosted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 12.5% in the third quarter. Wisconsin Wealth Advisors LLC now owns 8,098 shares of the company’s stock valued at $326,000 after acquiring an additional 902 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the second quarter valued at approximately $45,000.

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. ULST was launched on Oct 9, 2013 and is managed by State Street.