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

Shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) saw strong trading volume on Friday . 212,148 shares traded hands during mid-day trading, an increase of 69% from the previous session’s volume of 125,294 shares.The stock last traded at $40.50 and had previously closed at $40.49.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

The firm has a 50 day simple moving average of $40.56 and a 200 day simple moving average of $40.60.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1242 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Trading of SPDR SSgA Ultra Short Term Bond ETF

A number of large investors have recently made changes to their positions in ULST. CWM LLC boosted its holdings in SPDR SSgA Ultra Short Term Bond ETF by 6.8% in the fourth quarter. CWM LLC now owns 3,802,612 shares of the company’s stock worth $154,025,000 after purchasing an additional 240,602 shares during the last quarter. Avestar Capital LLC raised its stake in 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 valued at $29,684,000 after buying an additional 84,203 shares during the last quarter. PTM Wealth Management LLC lifted its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 6.5% during the 4th quarter. PTM Wealth Management LLC now owns 702,470 shares of the company’s stock valued at $28,468,000 after buying an additional 42,606 shares during the period. BIP Wealth LLC boosted its stake in shares of SPDR SSgA Ultra Short Term Bond ETF by 2.4% in the 4th quarter. BIP Wealth LLC now owns 566,983 shares of the company’s stock worth $22,966,000 after buying an additional 13,318 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of SPDR SSgA Ultra Short Term Bond ETF by 36.3% in the second quarter. Bank of America Corp DE now owns 273,743 shares of the company’s stock worth $11,130,000 after acquiring an additional 72,900 shares during the period.

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.