SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sees Large Volume Increase – Here’s What Happened

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw an uptick in trading volume on Wednesday. Approximately 709,876 shares were traded during trading, an increase of 605% from the average daily volume of 100,648 shares. The stock last traded at $40.21 and had previously closed at $40.17.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The stock’s 50 day moving average price is $40.25 and its two-hundred day moving average price is $40.39.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Verus Capital Partners LLC increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 1.3% in the 3rd quarter. Verus Capital Partners LLC now owns 73,295 shares of the company’s stock valued at $2,950,000 after purchasing an additional 963 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF during the third quarter worth $450,000. Vise Technologies Inc. boosted its position in SPDR SSgA Ultra Short Term Bond ETF by 25.7% during the third quarter. Vise Technologies Inc. now owns 11,453 shares of the company’s stock worth $461,000 after purchasing an additional 2,340 shares in the last quarter. BIP Wealth LLC grew its stake in SPDR SSgA Ultra Short Term Bond ETF by 6.1% in the 3rd quarter. BIP Wealth LLC now owns 705,431 shares of the company’s stock valued at $28,390,000 after acquiring an additional 40,329 shares during the last quarter. Finally, Fifth Third Securities Inc. raised its position in SPDR SSgA Ultra Short Term Bond ETF by 13.7% during the third quarter. Fifth Third Securities Inc. now owns 19,153 shares of the company’s stock worth $771,000 after acquiring an additional 2,305 shares during the last quarter.

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.