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

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) shares saw strong trading volume on Monday . 90,681 shares traded hands during trading, an increase of 170% from the previous session’s volume of 33,631 shares.The stock last traded at $40.5350 and had previously closed at $40.52.

SPDR SSgA Ultra Short Term Bond ETF Price Performance

The stock has a 50 day moving average of $40.58 and a two-hundred day moving average of $40.60.

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

Large investors have recently made changes to their positions in the company. Assetmark Inc. purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the 3rd quarter worth approximately $31,000. Geneos Wealth Management Inc. purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the first quarter valued at $37,000. Collier Financial acquired a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth $60,000. Ameritas Advisory Services LLC purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at $89,000. Finally, Key Financial Inc purchased a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the third quarter valued at $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.