SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) Sets New 12-Month Low – Here’s What Happened

SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) reached a new 52-week low on Thursday. The company traded as low as $40.11 and last traded at $40.11, with a volume of 1374 shares traded. The stock had previously closed at $40.24.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The firm has a 50-day moving average of $40.31 and a 200-day moving average of $40.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULST. Continuum Advisory LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF during the 2nd quarter valued at approximately $45,000. Ameritas Advisory Services LLC bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the second quarter worth $88,000. Lane Brothers & Co. Inc. bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF during the fourth quarter worth $233,000. ZEGA Investments LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the second quarter valued at $325,000. Finally, January Capital Advisors LLC purchased a new position in SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at $361,000.

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.