Kraft Davis & Associates LLC Sells 26,863 Shares of SPDR SSgA Ultra Short Term Bond ETF $ULST

Kraft Davis & Associates LLC trimmed its position in shares of SPDR SSgA Ultra Short Term Bond ETF (NYSEARCA:ULST) by 75.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,649 shares of the company’s stock after selling 26,863 shares during the quarter. Kraft Davis & Associates LLC’s holdings in SPDR SSgA Ultra Short Term Bond ETF were worth $351,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. bought a new position in shares of SPDR SSgA Ultra Short Term Bond ETF in the 3rd quarter worth approximately $31,000. Geneos Wealth Management Inc. bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the first quarter valued at approximately $37,000. Collier Financial bought a new stake in shares of SPDR SSgA Ultra Short Term Bond ETF during the third quarter valued at approximately $60,000. Key Financial Inc purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth $183,000. Finally, Private Advisor Group LLC purchased a new stake in SPDR SSgA Ultra Short Term Bond ETF in the third quarter worth $226,000.

SPDR SSgA Ultra Short Term Bond ETF Stock Performance

ULST opened at $40.44 on Monday. The stock has a fifty day simple moving average of $40.54 and a two-hundred day simple moving average of $40.58. SPDR SSgA Ultra Short Term Bond ETF has a 12-month low of $40.34 and a 12-month high of $40.75.

SPDR SSgA Ultra Short Term Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders 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 dividend yield of 3.7%.

SPDR SSgA Ultra Short Term Bond ETF Company Profile

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.