SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Reaches New 12-Month Low – Time to Sell?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULSTGet Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $40.23 and last traded at $40.23, with a volume of 312 shares traded. The stock had previously closed at $40.44.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The company’s 50 day simple moving average is $40.47 and its 200-day simple moving average is $40.54.

Institutional Investors Weigh In On SPDR SSgA Ultra Short Term Bond ETF

Several institutional investors have recently modified their holdings of the company. Prime Capital Investment Advisors LLC grew its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 12,644 shares of the company’s stock valued at $516,000 after purchasing an additional 281 shares during the last quarter. Capstone Wealth Management Group LLC lifted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 3.8% in 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 period. Harbour Investments Inc. lifted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 4.0% in the third quarter. Harbour Investments Inc. now owns 16,629 shares of the company’s stock valued at $678,000 after buying an additional 643 shares during the period. Private Trust Co. NA lifted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 177.1% in the third quarter. Private Trust Co. NA now owns 1,707 shares of the company’s stock valued at $70,000 after buying an additional 1,091 shares during the period. Finally, Elmwood Wealth Management Inc. lifted its holdings 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 buying an additional 2,379 shares during the period.

About SPDR SSgA Ultra Short Term Bond ETF

(Get Free Report)

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.

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