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) saw unusually-strong trading volume on Monday . Approximately 162,206 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 137,599 shares.The stock last traded at $40.5950 and had previously closed at $40.58.

SPDR SSgA Ultra Short Term Bond ETF Trading Up 0.0%

The company has a fifty day moving average of $40.56 and a two-hundred day moving average of $40.60.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Avestar Capital LLC boosted its position in shares of SPDR SSgA Ultra Short Term Bond ETF by 13.0% during the 2nd quarter. Avestar Capital LLC now owns 730,046 shares of the company’s stock worth $29,684,000 after purchasing an additional 84,203 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter worth approximately $89,000. Envestnet Asset Management Inc. increased its stake in SPDR SSgA Ultra Short Term Bond ETF by 8.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,607 shares of the company’s stock valued at $1,244,000 after purchasing an additional 2,437 shares in the last quarter. WT Wealth Management raised its holdings in SPDR SSgA Ultra Short Term Bond ETF by 24.8% during the third quarter. WT Wealth Management now owns 113,172 shares of the company’s stock worth $4,605,000 after purchasing an additional 22,523 shares during the last quarter. Finally, PTM Wealth Management LLC grew its holdings in SPDR SSgA Ultra Short Term Bond ETF by 8.2% in the third quarter. PTM Wealth Management LLC now owns 659,864 shares of the company’s stock valued at $26,789,000 after purchasing an additional 50,093 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.