SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Hits New 52-Week Low – Time to Sell?

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.24 and last traded at $40.24, with a volume of 83514 shares changing hands. The stock had previously closed at $40.41.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The company’s 50-day moving average price is $40.46 and its 200-day moving average price is $40.55.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

A number of institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the 4th quarter worth approximately $21,066,000. Ieq Capital LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the fourth quarter worth approximately $10,801,000. Avestar Capital LLC boosted its stake in SPDR SSgA Ultra Short Term Bond ETF by 25.6% during the third quarter. Avestar Capital LLC now owns 566,224 shares of the company’s stock worth $23,091,000 after buying an additional 115,246 shares during the last quarter. Copley Financial Group Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the third quarter worth $3,752,000. Finally, BIP Wealth LLC grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 19.6% in the 3rd quarter. BIP Wealth LLC now owns 468,672 shares of the company’s stock valued at $19,112,000 after buying an additional 76,726 shares in 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.