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

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw unusually-strong trading volume on Tuesday . Approximately 304,807 shares traded hands during mid-day trading, an increase of 88% from the previous session’s volume of 161,891 shares.The stock last traded at $40.5050 and had previously closed at $40.51.

SPDR SSgA Ultra Short Term Bond ETF Stock Up 0.0%

The company’s 50 day moving average price is $40.59 and its 200 day moving average price is $40.60.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

A number of institutional investors have recently modified their holdings of the business. Assetmark Inc. acquired a new position in SPDR SSgA Ultra Short Term Bond ETF during the third quarter worth $31,000. Geneos Wealth Management Inc. purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the first quarter valued at about $37,000. Collier Financial purchased a new position in SPDR SSgA Ultra Short Term Bond ETF in the third quarter valued at about $60,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter valued at approximately $89,000. Finally, Key Financial Inc acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter valued at approximately $183,000.

About SPDR SSgA Ultra Short Term Bond ETF

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.