BIP Wealth LLC Boosts Stock Position in SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST)

BIP Wealth LLC raised its stake in shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 19.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 468,672 shares of the company’s stock after buying an additional 76,726 shares during the quarter. SPDR SSgA Ultra Short Term Bond ETF comprises about 1.3% of BIP Wealth LLC’s investment portfolio, making the stock its 11th biggest holding. BIP Wealth LLC owned about 3.24% of SPDR SSgA Ultra Short Term Bond ETF worth $19,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Tactive Advisors LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 1st quarter worth about $241,000. CWM LLC raised its holdings in SPDR SSgA Ultra Short Term Bond ETF by 3.4% in the second quarter. CWM LLC now owns 1,745,582 shares of the company’s stock worth $70,644,000 after buying an additional 57,462 shares during the last quarter. Gradient Investments LLC raised its holdings in SPDR SSgA Ultra Short Term Bond ETF by 12.4% in the second quarter. Gradient Investments LLC now owns 1,753,402 shares of the company’s stock worth $70,960,000 after buying an additional 194,128 shares during the last quarter. Raymond James & Associates lifted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 81.5% in the second quarter. Raymond James & Associates now owns 570,797 shares of the company’s stock worth $23,100,000 after buying an additional 256,273 shares in the last quarter. Finally, AlphaStar Capital Management LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at approximately $238,000.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

Shares of ULST opened at $40.52 on Tuesday. SPDR SSgA Ultra Short Term Bond ETF has a twelve month low of $40.24 and a twelve month high of $40.84. The firm has a 50 day moving average of $40.60 and a 200 day moving average of $40.52.

SPDR SSgA Ultra Short Term Bond ETF 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.